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SCHOTTEL Industries

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uuid002h4r5

Namestring
SCHOTTEL Industries
Legal namestring
SCHOTTEL Industries GmbH
Company typeenum
Private
Founded yearint
1921
Descriptiontext

SCHOTTEL Industries GmbH is a privately held German industrial holding company headquartered in Spay, Rheinland-Pfalz, owned jointly by the descendants of SCHOTTEL GmbH founder Josef Becker and the Norwegian industrial company Frydenbø Industri AS. The group manages five to six operating companies with a combined headcount of approximately 1,500 to 1,800 employees across activities in marine propulsion, gear technology, automation technology, and renewable energies. The holding's stated mission is long-term ownership and support for sustainable development of its subsidiaries, while preserving their operational autonomy and bundling shared functions such as IT infrastructure, quality management, and compliance.

The core operating subsidiary, SCHOTTEL GmbH (founded 1921), designs and manufactures fully steerable marine propulsion and maneuvering systems, including complete propulsion packages with power outputs of up to 30 MW. The portfolio is built around the patented SCHOTTEL RudderPropeller, invented by the founder more than 75 years ago, which remains the architectural foundation of modern vessel maneuverability. Adjacent subsidiaries extend the technology stack: PW Hueber GmbH (acquired 2011) supplies high-performance gearboxes for mining, shipping, wind power, and marine engines; Elkon Elektrik in Turkey provides electrical propulsion technology, electric systems, and automation integration for the maritime industry, with a dedicated Scandinavian presence via Elkon Norge AS; and BEWA solutions GmbH delivers special machine construction, plant construction, automation, industrial energy plant construction, and control and switchgear technology for sectors including medical, electronics, plastics, automotive, environmental, energy, and aerospace. SCHOTTEL Industries Service GmbH provides centralized corporate services including governance, compliance, M&A, property management, controlling, purchasing, marketing, and sustainability.

The business model is B2B enterprise hardware sales with custom quotations, an enterprise field-sales go-to-market motion, and a global sales and service network. Revenue is generated from designing, manufacturing, and marketing capital equipment under long-life-cycle contracts. Customers are international maritime operators and industrial enterprises; no public pricing is disclosed. The group holds the BME Compliance Certificate, operates a whistleblower portal, and is GDPR-compliant, indicating formal governance infrastructure appropriate for cross-border industrial sales and potential further M&A activity.

Short descriptiontext

SCHOTTEL Industries GmbH is a privately held German industrial holding company owning 5–6 subsidiaries with ~1,500–1,800 employees in marine propulsion (up to 30 MW), high-performance gearboxes, automation, and renewable energy, serving international maritime and industrial B2B customers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersSpay, Germany
HQ citystring
Spay
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
marine propulsion systems, steerable thruster technology, industrial gearbox manufacturing, maritime automation technology, electrical propulsion integration
Industry1 code
1Marine Automation, Control & PLC/SCADA Systems
CodeIMAJAJACPrimaryYes
NAICS code3 codes
  • Other Engine Equipment Manufacturing333618
  • Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing333612
  • Machinery Manufacturing333
SIC code2 codes
  • Engines & Turbines3510
  • Special Industry Machinery (No Metalworking Machinery)3550
Product category
Marine Propulsion Systems
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Marine Propulsion Systems
TypeHardware Sales
Description

Design, manufacture, and marketing of fully steerable propulsion and maneuvering systems as well as complete propulsion packages for vessels of all types and sizes.

schottel-industries.de
2Gearing and Gearbox Technology
TypeHardware Sales
Description

High-performance gearboxes and gearing technology for all industrial applications including mining, industry, shipping, wind power plants, and marine engines.

schottel-industries.de
3Automation Technology
TypeHardware Sales
Description

Special machine construction, plant construction, automation technology, industrial energy plant construction, and control and switchgear technology.

schottel-industries.de
4Electric System Integration
TypeHardware Sales
Description

Development, design, assembly, engineering and integration of systems in the area of electrical propulsion technology, electric systems and automation for the maritime industry.

schottel-industries.de
5Renewable Energies
TypeHardware Sales
Description

Activities in renewable energies sector as part of the holding company's diversified business areas.

schottel-industries.de
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

SCHOTTEL Industries GmbH is a privately held German industrial holding company that, through its subsidiaries, designs, manufactures and markets fully steerable marine propulsion and maneuvering systems (up to 30 MW), high-performance industrial gearboxes, automation and control technology, and electrical propulsion system integration for the maritime and industrial sectors. The group also maintains a global sales and service network supporting shipbuilders, shipping operators, and industrial customers across multiple industries.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

SCHOTTEL Industries GmbH is an industrial holding company comprising five subsidiaries. The portfolio is organized by specialized domains: SCHOTTEL GmbH serves as the core marine propulsion business, designing and manufacturing steerable propulsion systems up to 30 MW for vessels; BEWA solutions GmbH provides automation technology and industrial plant solutions; PW Hueber GmbH delivers high-performance gearboxes and gearing technology; Elkon Elektrik San. ve Tic. A.Ş. focuses on electrical propulsion and system integration for maritime applications; and SCHOTTEL Industries Service GmbH offers cross-company corporate services including governance, compliance, and M&A support. The holding supports sustainable development while respecting subsidiary autonomy, with shared standards in IT infrastructure, quality management, and compliance.

Product and service4 records
1Marine Propulsion and Maneuvering Systems (SCHOTTEL GmbH)
CategoryMarine Propulsion Systems
Description

Fully steerable marine propulsion and maneuvering systems, including the proprietary SCHOTTEL RudderPropeller, plus complete propulsion packages with power outputs up to 30 MW for vessels of all types and sizes. Targeted at shipbuilders, shipowners, and international maritime operators.

2High-Performance Industrial Gearboxes and Gearing Technology (PW Hueber GmbH)
CategoryIndustrial Gearboxes and Transmission Engineering
Description

High-performance gearboxes and gearing technology for industrial applications including mining, industry, shipping, wind power plants, and marine engines. Produced at a 20,000-square-metre production facility in St. Ingbert, Germany. Targeted at industrial OEMs and heavy-duty operators.

3Automation Technology and Industrial Plant Solutions (BEWA solutions GmbH)
CategoryIndustrial Automation and Plant Construction
Description

Special machine construction, plant construction, automation technology, industrial energy plant construction, and control and switchgear technology. Targeted at manufacturing and industrial companies in medical, electronics, plastics, automotive, environmental, energy, and aerospace sectors.

4Electrical Propulsion and System Integration (Elkon Elektrik)
CategoryElectrical Propulsion and Maritime Systems Integration
Description

Development, design, assembly, engineering, and integration of systems in electrical propulsion technology, electric systems, and automation for the maritime industry. Operates from Tuzla (Istanbul) with a second R&D centre at Teknopark, Istanbul, and serves Norway and Scandinavia through subsidiary Elkon Norge AS. Targeted at shipbuilders and maritime operators requiring integrated electrical propulsion systems.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Finnish global leader in marine engines, propulsion systems, and lifecycle services. Directly comparable to SCHOTTEL in marine propulsion and maneuvering systems, though operating at significantly larger scale and broader portfolio.

TypeDirect peer
Description

Norwegian manufacturer of azimuth thrusters, tunnel thrusters, and maneuvering systems. Directly competes with SCHOTTEL in commercial vessel propulsion, especially in the offshore and tug markets served by both companies.

TypeDirect peer
Description

Supplies electric propulsion, automation, and power systems for ships. Closely comparable to Elkon Elektrik's electric propulsion integration and BEWA's automation technology work, and increasingly competitive with SCHOTTEL's steerable thruster-plus-electric packages.

TypeDirect peer
Description

Norwegian marine technology company providing propulsion, automation, navigation, and integrated vessel systems. Comparable to SCHOTTEL's marine propulsion and automation portfolio, with similar Scandinavian end-customer relationships and global service network.

TypeDirect peer
Description

German-based supplier of large marine engines, turbochargers, and propulsion systems. Directly comparable to SCHOTTEL GmbH's marine propulsion business for commercial vessels, with a much larger two-stroke and four-stroke engine footprint.

TypeBroad incumbent
Description

Global supplier of drive and control technologies, gearboxes, and automation systems. Comparable to PW Hueber's high-performance gearboxes and BEWA's automation technology as part of a broad industrial portfolio serving many of the same end markets.

TypeDirect peer
Description

Provides marine propulsion systems, including high-speed engines and integrated propulsion packages, for naval, commercial, and yacht segments. Directly comparable to SCHOTTEL's marine propulsion offering with significant overlap in mid-power vessel categories.

TypeDirect peer
Description

Supplies marine transmissions, propellers, and integrated propulsion systems. Comparable to both SCHOTTEL's propulsion packages and PW Hueber's gearing technology for marine engine and propulsion applications.

TypeDirect peer
Description

German engineering group with Voith Schneider propellers and marine propulsion systems. Direct competitor to SCHOTTEL RudderPropeller in vessel maneuverability for offshore, tug, and specialized vessel applications.

TypeBroad incumbent
Description

Large industrial conglomerate with marine electrical systems, drives, and automation offerings. Comparable to Elkon Elektrik's electric propulsion integration and BEWA's automation business as part of a much broader energy and industrial portfolio.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SCHOTTEL Industries

Marine Propulsion Systemsschottel-industries.de

SCHOTTEL Industries GmbH is a privately held German industrial holding company owning 5–6 subsidiaries with ~1,500–1,800 employees in marine propulsion (up to 30 MW), high-performance gearboxes, automation, and renewable energy, serving international maritime and industrial B2B customers.

What SCHOTTEL Industries does

SCHOTTEL Industries GmbH is a privately held German industrial holding company headquartered in Spay, Rheinland-Pfalz, owned jointly by the descendants of SCHOTTEL GmbH founder Josef Becker and the Norwegian industrial company Frydenbø Industri AS. The group manages five to six operating companies with a combined headcount of approximately 1,500 to 1,800 employees across activities in marine propulsion, gear technology, automation technology, and renewable energies. The holding's stated mission is long-term ownership and support for sustainable development of its subsidiaries, while preserving their operational autonomy and bundling shared functions such as IT infrastructure, quality management, and compliance.

The core operating subsidiary, SCHOTTEL GmbH (founded 1921), designs and manufactures fully steerable marine propulsion and maneuvering systems, including complete propulsion packages with power outputs of up to 30 MW. The portfolio is built around the patented SCHOTTEL RudderPropeller, invented by the founder more than 75 years ago, which remains the architectural foundation of modern vessel maneuverability. Adjacent subsidiaries extend the technology stack: PW Hueber GmbH (acquired 2011) supplies high-performance gearboxes for mining, shipping, wind power, and marine engines; Elkon Elektrik in Turkey provides electrical propulsion technology, electric systems, and automation integration for the maritime industry, with a dedicated Scandinavian presence via Elkon Norge AS; and BEWA solutions GmbH delivers special machine construction, plant construction, automation, industrial energy plant construction, and control and switchgear technology for sectors including medical, electronics, plastics, automotive, environmental, energy, and aerospace. SCHOTTEL Industries Service GmbH provides centralized corporate services including governance, compliance, M&A, property management, controlling, purchasing, marketing, and sustainability.

The business model is B2B enterprise hardware sales with custom quotations, an enterprise field-sales go-to-market motion, and a global sales and service network. Revenue is generated from designing, manufacturing, and marketing capital equipment under long-life-cycle contracts. Customers are international maritime operators and industrial enterprises; no public pricing is disclosed. The group holds the BME Compliance Certificate, operates a whistleblower portal, and is GDPR-compliant, indicating formal governance infrastructure appropriate for cross-border industrial sales and potential further M&A activity.

SCHOTTEL Industries firmographics

Firmographics
Name
SCHOTTEL Industries
Legal name
SCHOTTEL Industries GmbH
Website
https://schottel-industries.de
Company type
Private
Founded year
1921
Operating status
Operating
Headcount range
11–50 employees
Short description
SCHOTTEL Industries GmbH is a privately held German industrial holding company owning 5–6 subsidiaries with ~1,500–1,800 employees in marine propulsion (up to 30 MW), high-performance gearboxes, automation, and renewable energy, serving international maritime and industrial B2B customers.
Ownership category
akta.pro rank

SCHOTTEL Industries industry classification

Industry
Product category
Marine Propulsion Systems
NAICS
Other Engine Equipment Manufacturing (333618), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612), Machinery Manufacturing (333)
SIC
Engines & Turbines (3510), Special Industry Machinery (No Metalworking Machinery) (3550)
akta.pro primary industry
Marine Automation, Control & PLC/SCADA Systems (IMAJAJAC)

Keywords

  • Marine propulsion systems
  • Steerable thruster technology
  • Industrial gearbox manufacturing
  • Maritime automation technology
  • Electrical propulsion integration

Where SCHOTTEL Industries is headquartered

Location

Headquarters

HQ city
Spay
HQ country
Germany
HQ region
Europe

Offices5 records

Markets served

SCHOTTEL Industries business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Marine Propulsion Systems: Design, manufacture, and marketing of fully steerable propulsion and maneuvering systems as well as complete propulsion packages for vessels of all types and sizes.
  2. Gearing and Gearbox Technology: High-performance gearboxes and gearing technology for all industrial applications including mining, industry, shipping, wind power plants, and marine engines.
  3. Automation Technology: Special machine construction, plant construction, automation technology, industrial energy plant construction, and control and switchgear technology.
  4. Electric System Integration: Development, design, assembly, engineering and integration of systems in the area of electrical propulsion technology, electric systems and automation for the maritime industry.
  5. Renewable Energies: Activities in renewable energies sector as part of the holding company's diversified business areas.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

SCHOTTEL Industries product offering

Product offering

Core offering

SCHOTTEL Industries GmbH is a privately held German industrial holding company that, through its subsidiaries, designs, manufactures and markets fully steerable marine propulsion and maneuvering systems (up to 30 MW), high-performance industrial gearboxes, automation and control technology, and electrical propulsion system integration for the maritime and industrial sectors. The group also maintains a global sales and service network supporting shipbuilders, shipping operators, and industrial customers across multiple industries.

Product overview

SCHOTTEL Industries GmbH is an industrial holding company comprising five subsidiaries. The portfolio is organized by specialized domains: SCHOTTEL GmbH serves as the core marine propulsion business, designing and manufacturing steerable propulsion systems up to 30 MW for vessels; BEWA solutions GmbH provides automation technology and industrial plant solutions; PW Hueber GmbH delivers high-performance gearboxes and gearing technology; Elkon Elektrik San. ve Tic. A.Ş. focuses on electrical propulsion and system integration for maritime applications; and SCHOTTEL Industries Service GmbH offers cross-company corporate services including governance, compliance, and M&A support. The holding supports sustainable development while respecting subsidiary autonomy, with shared standards in IT infrastructure, quality management, and compliance.

Differentiator

Problem solved

Functional benefit

Products and services

  • Marine Propulsion and Maneuvering Systems (SCHOTTEL GmbH) Fully steerable marine propulsion and maneuvering systems, including the proprietary SCHOTTEL RudderPropeller, plus complete propulsion packages with power outputs up to 30 MW for vessels of all types and sizes. Targeted at shipbuilders, shipowners, and international maritime operators.
  • High-Performance Industrial Gearboxes and Gearing Technology (PW Hueber GmbH) High-performance gearboxes and gearing technology for industrial applications including mining, industry, shipping, wind power plants, and marine engines. Produced at a 20,000-square-metre production facility in St. Ingbert, Germany. Targeted at industrial OEMs and heavy-duty operators.
  • Automation Technology and Industrial Plant Solutions (BEWA solutions GmbH) Special machine construction, plant construction, automation technology, industrial energy plant construction, and control and switchgear technology. Targeted at manufacturing and industrial companies in medical, electronics, plastics, automotive, environmental, energy, and aerospace sectors.
  • Electrical Propulsion and System Integration (Elkon Elektrik) Development, design, assembly, engineering, and integration of systems in electrical propulsion technology, electric systems, and automation for the maritime industry. Operates from Tuzla (Istanbul) with a second R&D centre at Teknopark, Istanbul, and serves Norway and Scandinavia through subsidiary Elkon Norge AS. Targeted at shipbuilders and maritime operators requiring integrated electrical propulsion systems.

Companies that use SCHOTTEL Industries

Customer profile

Named customers3 records

Segments1 record

Ideal customer profiles3 records

SCHOTTEL Industries technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

SCHOTTEL Industries partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

SCHOTTEL Industries competitors and assessment

Company assessment

Direct peers

  • Wärtsilä: Finnish global leader in marine engines, propulsion systems, and lifecycle services. Directly comparable to SCHOTTEL in marine propulsion and maneuvering systems, though operating at significantly larger scale and broader portfolio.
  • Brunvoll: Norwegian manufacturer of azimuth thrusters, tunnel thrusters, and maneuvering systems. Directly competes with SCHOTTEL in commercial vessel propulsion, especially in the offshore and tug markets served by both companies.
  • ABB Marine & Ports: Supplies electric propulsion, automation, and power systems for ships. Closely comparable to Elkon Elektrik's electric propulsion integration and BEWA's automation technology work, and increasingly competitive with SCHOTTEL's steerable thruster-plus-electric packages.
  • Kongsberg Maritime: Norwegian marine technology company providing propulsion, automation, navigation, and integrated vessel systems. Comparable to SCHOTTEL's marine propulsion and automation portfolio, with similar Scandinavian end-customer relationships and global service network.
  • MAN Energy Solutions: German-based supplier of large marine engines, turbochargers, and propulsion systems. Directly comparable to SCHOTTEL GmbH's marine propulsion business for commercial vessels, with a much larger two-stroke and four-stroke engine footprint.
  • Rolls-Royce Power Systems (MTU): Provides marine propulsion systems, including high-speed engines and integrated propulsion packages, for naval, commercial, and yacht segments. Directly comparable to SCHOTTEL's marine propulsion offering with significant overlap in mid-power vessel categories.
  • ZF Marine: Supplies marine transmissions, propellers, and integrated propulsion systems. Comparable to both SCHOTTEL's propulsion packages and PW Hueber's gearing technology for marine engine and propulsion applications.
  • Voith: German engineering group with Voith Schneider propellers and marine propulsion systems. Direct competitor to SCHOTTEL RudderPropeller in vessel maneuverability for offshore, tug, and specialized vessel applications.

Broad incumbents

  • Bosch Rexroth: Global supplier of drive and control technologies, gearboxes, and automation systems. Comparable to PW Hueber's high-performance gearboxes and BEWA's automation technology as part of a broad industrial portfolio serving many of the same end markets.
  • Siemens Energy: Large industrial conglomerate with marine electrical systems, drives, and automation offerings. Comparable to Elkon Elektrik's electric propulsion integration and BEWA's automation business as part of a much broader energy and industrial portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

SCHOTTEL Industries social profiles

Digital presence

SCHOTTEL Industries compliance and trust

Trust signal

Compliance2 records

SCHOTTEL Industries financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SCHOTTEL Industries leadership team

Management profile

Number of profiles

Profiles3 records

SCHOTTEL Industries subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

SCHOTTEL Industries funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SCHOTTEL Industries M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCHOTTEL Industries

What does SCHOTTEL Industries do?

SCHOTTEL Industries GmbH is a privately held German industrial holding company that, through its subsidiaries, designs, manufactures and markets fully steerable marine propulsion and maneuvering systems (up to 30 MW), high-performance industrial gearboxes, automation and control technology, and electrical propulsion system integration for the maritime and industrial sectors. The group also maintains a global sales and service network supporting shipbuilders, shipping operators, and industrial customers across multiple industries.

Is SCHOTTEL Industries a public or private company?

SCHOTTEL Industries is a private company. It is classified as family owned and is currently operating.

When was SCHOTTEL Industries founded?

SCHOTTEL Industries was founded in 1921. It employs 11 to 50 people.

Where is SCHOTTEL Industries based?

SCHOTTEL Industries is headquartered in Spay, Germany, in the Europe region.

How does SCHOTTEL Industries make money?

Five revenue lines are on record. Marine Propulsion Systems are the primary driver. The others are gearing and Gearbox Technology, automation Technology, electric System Integration and renewable Energies.

Who are SCHOTTEL Industries's main competitors?

Direct peers on record are Wärtsilä, Brunvoll, ABB Marine & Ports, Kongsberg Maritime, MAN Energy Solutions, Rolls-Royce Power Systems (MTU), ZF Marine and Voith. Broad incumbents are Bosch Rexroth and Siemens Energy.

Does SCHOTTEL Industries have an API?

No public API is recorded for SCHOTTEL Industries.

What industry is SCHOTTEL Industries in?

SCHOTTEL Industries's product category is Marine Propulsion Systems. Its primary akta.pro industry code is IMAJAJAC, Marine Automation, Control & PLC/SCADA Systems. Its NAICS code is 333618 and its SIC code is 3510.

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Live signals
WikipediaB.C. Dutt-class tugboat: Difference between revisionsThe B.C. Dutt class of tugboats is a series of service watercraft built by Tebma Shipyard Limited for the Indian Navy between 1998 and 1999. These vessels feature a 25-ton bollard pull capacity and utilize Schottel Rudder Propellers for propulsion, with the Bhim class serving as a subsequent follow-up order.FortunebusinessinsightsMarine Propeller Market Size, Share & GrowthThe global marine propeller market is projected to grow from USD 4.85 billion in 2025 to USD 8.47 billion by 2032, driven by increased naval defense spending and post-pandemic trade resumption. Key industry developments include Rolls-Royce selling its naval propeller business to Fairbanks Morse Defense and Schottel securing contracts for the Portuguese Navy.MaritimtFull propulsion package from Schottel for Edda Wind’s new CSOVsSchottel has secured a contract to supply full propulsion packages for four new Commissioning Service Operation Vessels (CSOVs) being built by the Norwegian Vard Group for Edda Wind. The vessels, designed specifically for offshore wind maintenance, are scheduled for delivery starting in Q1 2025 across shipyards in Norway, Romania, and Vietnam. The agreement includes options for up to four additional ships, supporting Edda Wind's fleet expansion in the renewable energy sector.RivierammSchottel acquires system integrator for electric vesselsGerman vessel propulsion group Schottel Industries is acquiring a majority stake in Turkish marine electrical system integrator Elkon to expand its hybrid-electric solutions, announced at the Nor-Shipping exhibition in Oslo. The acquisition aims to enable Schottel to become a complete system supplier for electrical and green propulsion, especially for electric vessels, by expanding its portfolio to include energy generation, storage, and management. The deal is expected to take effect in Q2 2022 after review by anti-trust authorities.Marine Technology NewsAtlantic Canada’s First Instream Tidal Energy Set for Delivery in Early 2022Sustainable Marine has completed construction of an onshore substation for its PLAT-I tidal energy platform in Nova Scotia, aiming to connect it to the power grid in early 2022. This milestone marks the first time a floating tidal platform will directly connect to the grid in the region, leveraging the high tides of the Bay of Fundy. The project involves collaboration with German turbine manufacturer SCHOTTEL and local supply chain partners to deliver turnkey marine renewable solutions.