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News

PSM Instrumentation Ltd and Scanjet Holding AB Join Forces

NEWS RELEASE

16 March 2016

PSM Instrumentation Ltd and Scanjet Holding AB Join Forces

Complete Intelligent Tank Management Solutions for the Marine Market

PSM Instrumentation Ltd is pleased to announce a strategic investment by Scanjet Holding AB. Combined, the two companies will offer a more comprehensive product range that completely fulfils the concept of Intelligent Tank Management (ITAMA), providing a single source total package for the marine market.

PSM, based in Haywards Heath in the UK, is a global leader in the design and manufacture of marine tank gauging systems.

Scanjet, headquartered in Sweden, and with facilities worldwide in all the primary shipbuilding regions, is a strong and trusted brand in the marine industry, known for its market leading tank cleaning, venting, monitoring and control solutions.

John Bullivant, Managing Director of PSM Instrumentation Ltd says, ‘PSM has enjoyed a wonderful 30 years as an independent company. We now feel that, for the benefit of our customers and staff, we need a strong partner to take us to the next level. Scanjet is the perfect choice because of the many synergies between the two companies’

Magnus Wallin, CEO of Scanjet AB, says, ‘Scanjet is joining forces with PSM to provide customers with new products that broaden and enhance our portfolio, allowing us to offer the full range of intelligent marine tank management solutions demanded by our major global shipbuilding customers. This supports our strategic growth plan by investing in product development and company acquisition.’

For additional information about PSM and Scanjet, please visit http://www.psmmarine.com and http://www.scanjet.se/marine or contact Mark Jones, Sales & Marketing Manager at PSM Instrumentation, by e-mail: mark.jones@psmmarine.com or telephone: +44 (0)144 410 040.