Rina Expands Global Reach with Foreship Acquisition

Rina, the multinational engineering consultancy group based in Genoa, has acquired the entire share capital of the Finnish company Foreship. Foreship is renowned for its expertise in naval architecture and marine engineering. The acquisition aligns with Rina's strategy to enhance its global maritime engineering consultancy offerings and fortify its presence in Northern Europe. Lazard acted as the financial advisor, Bain conducted commercial due diligence, and PwC provided financial and tax due diligence for Rina. Borenius Attorneys served as the legal advisor for Rina. Foreship, with a 2024 revenue of 15.2 million euros, is headquartered in Helsinki and employs over 90 professionals across several global offices, including in the USA, UK, and Estonia. The acquisition will integrate Foreship’s operations into Rina Consulting, promising synergies in marine consultancy, particularly in complex retrofits, new fuel integration, and digital transformation. Rina's leadership emphasized that Foreship's expertise in sustainable maritime technologies and its solid reputation as a trusted independent advisor are valuable assets. This acquisition complements Rina's strategic plan to become an essential reference point for its clients globally.