Aspin Kemp forms major partnership with German company - battery storage systems
The P. E. I. -
German-based marine engineering announced Wednesday morning a new partnership with German MAN Diesel & Turbo.
The agreement will give MAN Diesel & Turbo a 40 stake in Aspin Kemp.
Headquartered in Montagu, Aspin Kemp is the main employer on the island, with approximately 125 workers.
MAN employs 14,500 people on more than 100 sites around the world.
Jason Aspin, CEO of Aspin Kemp, called MAN Diesel & Turbo the perfect partner.
The company is a world leader in the manufacture of marine diesel engines.
Aspin Kemp focuses on connecting battery storage systems and offshore engines, focusing on manufacturing hybrid diesel
Electric propulsion of ships.
"We will benefit from the global reputation of the MAN brand, the global sales network and customer base, and their strong engineering base," Aspin said in a press release . ".
Man ceo Uwe Lauber said Aspin Kemp in turn brought innovative technology to the German company.
"AKA is a technology pioneer in the growth field, which is crucial for us," Lauber said . ".
The transaction is subject to the approval of the man se Board of Supervisors and the responsible regulator. MORE P. E. I.
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