BWMS success helps DESMI reach new heights
(Posted on 14/05/23)
The Desmi Group’s general assembly has approved the year end result for 2022 – record-high net revenue of DKK 1,880 million and a profit before tax of DKK 199.5 million, which is considered very satisfactory under the given preconditions in the market and the political tensions globally.
Founded in 1824, DESMI specializes in the development, manufacturing, sale and service of pumps and pumping solutions including a wide range of environmental equipment for oil spill, seaweed and clean waterways.
In 2022, DESMI made history, not only in numbers and product development, but also in historical milestones - One Equity Partners (OEP) acquired the shareholder majority, and Humphrey Lau joined the role of Group CEO to support the continued growth of the DESMI Group.
“We are very pleased with the multileveled progress made in 2022, and I want to thank all our dedicated colleagues for their efforts and contribution. DESMI kept its strategic focus despite various obstacles, and we are looking at several opportunities for setting new heights within all our market segments by unleashing new potentials”, said Group CEO Humphrey Lau.
DESMI's success in the Ballast Water Management System (BWMS) retrofit market played a significant role, which has resulted in a solid installed base of BWMS accelerating DESMI's after sales and service business for years to come. Additionally, DESMI's proven UV-based water treatment technology has enabled the company to expand into specialized water treatment applications in other customer segments, including aquaculture. In 2022, DESMI also relaunched cargo pumps for gas and chemical tankers, and the company's investment in new solutions for the aquaculture industry proved to be a perfect match for the market. DESMI has been in close dialogue with plant builders and fish farmers worldwide, and the investment in pump technology and UVtreatment will result in both a safe environment and safe water for the fish.
Furthermore, DESMI has grown rapidly, reaching more than 1,000 colleagues worldwide, continuing the company’s global expansion. DESMI DeServe has also grown to a team of more than 70 employees highlighting the company's commitment to being more than just a pump manufacturer. "Our shareholders have great expectations for the DESMI Group, and we are committed to growing both organically and via acquisitions," said Humphrey Lau, and continues: "As we look ahead of 2023, new heights are to be set, and we are excited about the future."
DESMI's solid financial performance in 2022 and strategic investments in innovative products and technologies demonstrate the company's continued commitment to delivering high-quality solutions and services to its customers.
Latest News
Telestack secures prestigious Mibau Stema aggregates handling contract
(Posted on 11/12/24)Telestack has announced a significant new contract with Mibau Stema, secured in collaboration with long... Read more
Deployment of Starlink/VSAT Hybrid connectivity on 58 Vroon vessels completed
(Posted on 11/12/24)KVH Industries, Inc. has announced that, together with international shipping leader Vroon, they have... Read more
Damen advances sustainable dockings with shore power from Elma Systems
(Posted on 04/12/24)Damen Shiprepair Oranjewerf is giving a green boost to ship repair, maintenance, conversion and refit... Read more
Superior’s TeleStacker Conveyor automation gets major upgrade
(Posted on 29/11/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Superior opens new manufacturing facility in Minnesota
(Posted on 20/11/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Low-friction coatings set to improve RightShip GHG rating
(Posted on 20/11/24)RightShips’ EVDI methodology is familiar to most drybulk ship owners, with chartering customers... Read more
Great Lakes bulk carriers continue to “Thordonize”
(Posted on 12/11/24)Thordon Bearings has delivered its COMPAC water-lubricated propeller shaft bearing solution to the final... Read more
ShipMoney appoints Karen Martin as Global Brand Ambassador
(Posted on 12/11/24)ShipMoney, the innovative digital payments platform for the maritime industry, has announced the appointment... Read more
50 years of the Liebherr mobile harbour crane
(Posted on 04/11/24)The global market for mobile harbour cranes has seen Liebherr rise to prominence, thanks to the consistent... Read more
Breakthrough makes possible wireless monitoring of seawater-lubricated bearing wear
(Posted on 31/10/24)Thordon Bearings has unveiled a new wireless propeller shaft bearing wear measurement system, marking... Read more
