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Business/Financial

Marine Systems Company To Acquire Callenberg Technology Group

By Cal Biesecker

Monday, August 15th, 2016

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Marine Systems Company To Acquire Callenberg Technology Group

Callenberg's capabilities include energy reclamation. Photo: Callenberg Technology Group

Trident Maritime Systems on Monday said it has agreed to acquire Callenberg Technology Group, a designer and integrator of infrastructure systems for commercial and government vessels worldwide.Trident is paying $64 million for the acquisition, with $41 million in cash and the rest through a seller-financing package.Trident is a portfolio company of the private equity firm J.F. Lehman & Company and Sweden-based Callenberg is part of Norway’s Wilhelmsen Maritime Services AS.Callenberg designs, assembles, integrates and supports HVAC, electrical energy management, and…

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