Ardent Turns One

 

The merger, which fused Svitzer Salvage’s strengths in emergency preparedness and response with Titan’s large project specialization, has developed a more robust service offering for the worldwide salvage industry. Ardent has become a leading services company with an extensive network, offering innovative solutions to the shipping and offshore industries.

 

“The integration of the two companies has gone well, and the merger targets have been achieved,” said Ardent CEO, Peter Pietka.

 

In its first year, Ardent has won and executed more than 50 contracts with a strong safety performance and no loss-time incidents, the company said.

 

“One year ago, we set off with our business plans, and today we are pleased that the merger has progressed in line with these plans,” Pietka said, “although the market has been weaker than expected.”

 

“The current markets in the shipping and offshore sectors have affected our margins.” Pietka added.

 

So the multifaceted company now looks to diversify. “Looking from a different perspective, the current oil and gas market provides us with a large opportunity to focus on offshore decommissioning,” Pietka said.

 

“With the amount of knowledge and diversity between our partners and staff, and with a successful integration behind us, we look forward to the exciting years ahead.”