MAN Diesel to acquire 40% of Aspin Kemp & Associates
MAN Diesel & Turbo has contractually agreed to acquire a 40% participation in Aspin Kemp & Associates (AKA). AKA is a Canadian company, based in Montague, Prince Edward Island (PEI) which specializes in power supply, energy management and drive systems for marine applications. The company employs around 120 persons at five locations around the world and about 100 people in its PEI locations.
AKA equips diesel-hybrid powered vessel propulsion systems with integrated battery storage systems and high-reliability on-board power systems in dynamic-positioning (DP) applications for the marine and offshore oil & gas sectors. AKA co-founder Jason Aspin will remain with the company as Managing Di-rector and shareholder. Neale Kemp as the other founding partner is retiring from active business operations and selling his shares in AKA.
The investment is part of MAN Diesel & Turbo’s strategic development program, "Basecamp 3000+," launched in 2016. As part of this program, the company announced strategic acquisitions and partnerships to expand its product range with respect to the global trends of decarbonization and digitalization.
"The partnership with AKA is a key element in our strategy to strengthen our role as technological forerunner in the field of marine propulsion,” said Dr. Uwe Lauber, CEO of MAN Diesel & Turbo. “AKA's specialized expertise links battery storage systems and marine engines. The new cooperation marks an important step on the way to further establish ourselves as a principal system supplier for energy management on board ships."
Energy management systems provide fully automatic control and optimize the power distribution of drive components of ships. On ships with so-called hybrid drive, electric motors and battery storage systems are employed alongside diesel and multi-fuel engines. The battery system is recharged with surplus energy from the engine, enabling the engine to be operated in its optimum load range at all times. Any load peaks can be quickly and efficiently covered by the electrical storage system.
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