Schulte Group invests in underwater IRM technology

In early February 2019, the Schulte Group announced the acquisition of the majority stake in TecHullClean (THC), a Singapore registered underwater Inspection, Repair and Maintenance (IRM) technology company. It is headquartered in both Singapore and Algeciras, Spain, and features further subsidiaries in Spain, Gibraltar and Ghana.

THC is an underwater hull cleaning company specialising in the development and manufacture of environmentally friendly hull cleaning equipment and solutions. The company offers hull cleaning, inspection and propeller polishing services, that are compliant with local regulations pertaining to the International Maritime Organization (IMO) Marine Environment Protection Committee’s (MEPC) guidelines for the control and management of ships’ biofouling. The IMO’s goal is to minimise the transfer of invasive aquatic species. All equipment is designed, tested and approved in collaboration with the University of Cadiz, major shipping lines and global anti-fouling paint manufacturers.

Tobias Pinker
Schulte Group CFO

“Cost-effective biofouling removal and debris collection has been an issue for the shipping industry for a long time. In connection with invasive species, the authorities have been focusing more and more on the environmental aspects of biodiversity. We are glad the joint venture with THC has been established. We started investing in hull cleaning and underwater repair technology three years ago. This joint venture marks another important milestone, offering shipping companies a suite of different systems on a global scale,” said Tobias Pinker, Schulte Group CFO.

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