The Italian classification society Rina is taking over the Finnish ship designer Foreship.
The class has now announced that the entire share capital of Foreship has been acquired by Vaaka Partners and the company’s managers. “The acquisition represents a further expansion of our shipbuilding consultancy offering globally, while strengthening our presence in Northern Europe,” Rina announced.
Foreship, which generated revenues of €15.2 million in 2024, is headquartered in Helsinki and employs over 90 people in eight offices worldwide, including the US, UK and Estonia. The company is best known for its work in cruise ship design, energy-efficient ship innovations and sustainable ship technologies.
With the Finns’ extensive experience, Rina aims to leverage synergies with its own consulting services and increase its market share in the consulting sector – “especially in complex retrofits, the integration of new fuels and digital transformation.”
