RINA Expands Portfolio with Foreship Acquisition
Deal News | Jun 25, 2025 | CEE Legal Matters
RINA, an engineering consultancy group specializing in various sectors such as energy and marine, has acquired the Foreship Group from Vaaka Partners and its other shareholders. As reported by Cobalt, who advised RINA on this transaction, Foreship excels in naval architecture and marine engineering services, with its headquarters in Helsinki. The group boasts over 90 experts operating out of eight international offices spread across Estonia, the United States, and the United Kingdom. The transaction sees Cobalt's legal expertise through the involvement of Partner Jesse Kivisaari and Junior Associate Karina-Anette Kiristaja, though no further comment was provided by Cobalt regarding the acquisition.
Sectors
- Engineering Consultancy
- Marine Engineering
Geography
- Finland – Foreship is headquartered in Helsinki, Finland, making it a significant geographical point in the acquisition.
- International – Foreship has offices in multiple countries including Estonia, the United States, and the United Kingdom, indicating the international scope and reach of their operations.
Industry
- Engineering Consultancy – RINA operates within the engineering consultancy sector, providing a range of services from inspection to infrastructure advisory.
- Marine Engineering – Foreship specializes in naval architecture and marine engineering, contributing significantly to the marine industry's infrastructural developments.
Financials
- – The financial details of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RINA | Bidding Company | Company | An engineering consultancy group offering services in diverse sectors including energy, marine, and certification. |
| Foreship Group | Target Company | Company | A provider of naval architecture and marine engineering services based in Helsinki. |
| Vaaka Partners | Selling Company | Company | One of the shareholders selling Foreship Group. |
| Cobalt | Legal Advisor | Company | The law firm advising RINA on the acquisition, including Partner Jesse Kivisaari and Junior Associate Karina-Anette Kiristaja. |