From Cruise Ships to Condos, Meyer Group JV Aims at the Floating Real Estate Biz
“MEYER Group had recognized great potential in the floating solutions business and identified ADMARES Marine as the market leader in this developing industry. At the same time, ADMARES Marine was looking for a strategic partner to strengthen its capabilities and maximize its potential in the market. The new venture combines the strengths of both companies and allows us to compete for the mega projects that are being built on the water,” said Kaj Casén, CEO at MEYER Floating Solutions.
“MEYER Floating Solutions is a natural addition to our current product portfolio and with ADMARES we have a great and experienced partner at our side,” said Bernard Meyer, Chairman of MEYER Group.
For MEYER Group, the JV means natural additional business to its core business of shipbuilding. The new company will continue to provide products manufactured and commissioned offsite in a controlled factory environment. Its advanced production methods enable shorter delivery times and minimized environmental impact since traditional construction sites can be completely avoided. “Traditional construction industry is a slow adopter of new technologies. With the two companies’ strengths combined, the joint venture accumulates unprecedented expertise in the field of developing and manufacturing floating solutions,” said Casén.
MEYER Floating Solutions offers a variety of floating real estate from private villas up to the world’s largest overwater installations
https://www.marinelink.com/news/cruise-ships-condos-meyer-group-jv-aims-494972