Foreship Acquired by RINA to Bolster Maritime Consulting
Deal News | Jun 19, 2025 | Consultance.eu
RINA, an Italian engineering consultancy with significant experience in shipping and maritime sectors, has acquired Foreship, a Finnish company renowned for its naval architecture and marine engineering expertise. Foreship's revenue stands at around 15 million, backed by a team of 90 professionals spread across eight global offices. This acquisition enhances RINA's maritime consulting capabilities and broadens its presence in maritime retrofits, new fuel integrations, and digital transformation. The transaction involved eminent advisers including Lazard, Bain & Company, PwC, and Borenius Attorneys. Through this, RINA can augment its services with Foreship's esteemed profile and clientele, including leading cruise lines and shipping companies, creating an expanded impact in the industry.
Sectors
- Maritime
- Consulting Services
Geography
- Italy – RINA, the acquiring company, is headquartered in Italy.
- Finland – Foreship, the acquired company, is headquartered in Finland.
- Global – Both RINA and Foreship operate on a global scale with offices and operations worldwide.
Industry
- Maritime – The acquisition enhances RINA's capabilities in maritime consulting, specifically in naval architecture and marine engineering.
- Consulting Services – RINA, as a consulting entity, expands its consultancy offerings with the integration of Foreship's specialized services.
Financials
- 15 million (revenue) – Annual revenue of Foreship, the target company in the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RINA | Acquirer | Company | An Italian engineering consultancy firm with expertise in shipping and maritime, and active in energy, real estate, infrastructure, and industrial sectors. |
| Foreship | Target Company | Company | A Finnish company specializing in naval architecture and marine engineering. |
| Lazard | Financial Advisor | Company | Provided financial advice to RINA during the acquisition process. |
| Bain & Company | Commercial Due Diligence | Company | Assisted RINA with commercial due diligence in the acquisition. |
| PwC | Financial and Tax Due Diligence | Company | Performed financial and tax due diligence for the acquisition. |
| Borenius Attorneys | Legal Counsel | Company | Legal advisor to RINA in the acquisition process. |