Marine Aluminium completed the acquisition of a 70% stake in Uptime International from Norvestor.

Marine Aluminium, a supplier of innovative and sustainable access solutions, completed the acquisition of a 70% stake in Uptime International, a company that develops safe motion-compensated logistics solutions, from Norvestor, a private equity firm. Financial terms were not disclosed. “There will be no immediate change in the daily operations of Uptime International and their product range, but in the long run we will see the benefit of improved access to engineering, logistics and resources. Uptime International will have the opportunity to rent out their gangways following the same model as Marine Aluminium,” Bjørnar Huse, Uptime International CEO.