Passer Sidc
PASSER SIDC is a Lithuanian EPCI contractor that fabricates offshore wind cable-handling equipment, commercial vessels, and heavy steel structures for renewable energy, maritime, oil & gas, and industrial clients under project-based contracts, operating from Klaipeda and the Netherlands.
- Company typePrivate
- Founded2010
- HeadquartersKlaipeda, Lithuania
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Passer Sidc does
PASSER SIDC is a Lithuanian Engineering, Procurement, Construction and Installation (EPCI) contractor headquartered in Klaipeda, founded in 2010 and operating since 2020 as the principal fabrication entity under Norway-based PASSER Group AS. The company manufactures cable-handling equipment for offshore wind installations — including carousels, reels, cable baskets and tower-loading systems — alongside new-build and modernization of commercial vessels (cargo ships, cement carriers, Ro-Ro ferries, superyachts and unmanned surface vessels) and fabrication of heavy industrial steel structures for energy and process industries.
Operations span a Klaipeda fabrication complex and a shipyard in the Netherlands acquired in January 2022, supported by ISO 3834, EN 1090, RINA, NEN and VCA certifications and a stated annual steel throughput of 3,000–5,000 tons. The service offering runs from engineering design and procurement through fabrication, assembly, commissioning and project management, delivered under fixed-price, project-based contracts with quote-based pricing. Customers are enterprise buyers across four segments: renewable energy (offshore wind OEMs and cable manufacturers), maritime and shipbuilding (European shipyards), oil & gas and subsea, and industrial / process manufacturing.
Revenue is generated through project-based B2B contracts with quote-based pricing. Reported turnover stands at €44 million with a workforce of 440–550 professionals, up from approximately €4 million in 2017 — a roughly eleven-fold expansion driven by capacity additions in Lithuania and the Netherlands, the PASSER Group affiliation, and entry into offshore-wind cable-handling and autonomous-vessel work.
Passer Sidc firmographics
Firmographics- Name
- Passer Sidc
- Legal name
- PASSER SIDC, UAB
- Website
- https://passer-sidc.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- PASSER SIDC is a Lithuanian EPCI contractor that fabricates offshore wind cable-handling equipment, commercial vessels, and heavy steel structures for renewable energy, maritime, oil & gas, and industrial clients under project-based contracts, operating from Klaipeda and the Netherlands.
- Ownership category
- akta.pro rank
Where Passer Sidc is headquartered
LocationHeadquarters
- HQ city
- Klaipeda
- HQ country
- Lithuania
- HQ region
- Europe
Offices6 records
Markets served
Passer Sidc business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- EPCI Contract Manufacturing: Engineering, Procurement, Construction, and Installation services for offshore foundations, shipbuilding, cable handling equipment, and industrial steel structures. Projects include complex custom manufacturing from design to product documentation.
- Shipbuilding and Modernization: Production of hulls, assembly of sections, outfitting works, electricity installation, production and installation of pipelines, and painting work. Includes vessel repairs and modifications.
- Cable Handling Equipment Manufacturing: Main fabrication capacity for all types of cable handling equipment delivered by PASSER Group to the energy industry including carousels, reels, baskets, and loading systems.
- Project Management and Engineering Services: Design of complex structures, workshop drawings, industrial equipment design, strength calculations, and project management services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B project-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Passer Sidc product offering
Product offeringCore offering
PASSER SIDC is an EPCI (Engineering, Procurement, Construction, Installation) company that manufactures offshore foundations, builds and modernizes ships, and produces cable handling equipment for the energy industry. Operating two shipyards in Lithuania and the Netherlands with 440-550 professionals, the company delivers turnkey projects from design through product documentation for renewable energy, shipping, and industrial sectors.
Product overview
PASSER SIDC is an industrial EPCI (Engineering, Procurement, Construction, Installation) company that operates as a single unified manufacturing and project management organization rather than a platform-plus-modules architecture. The company offers a portfolio of core product lines: Cable Handling Equipment (including carousels, baskets, reels, reel drive systems, basket drive systems, vertical layup machines, loading systems, and ancillaries for offshore wind and marine applications); Ship Building & Modernization (hull production, section assembly, outfitting, electrical installation, and pipeline work for supply vessels and leisure ships); Steel Structures (civil engineering and prefabricated reinforced concrete structures); Industrial Construction (storage tanks, silo tanks, industrial filters, and heavy industrial facilities for energy and oil & gas sectors); and Engineering Services (complex structure design, strength calculations, workshop drawings). The company also manufactures specific vessel types including service supply vessels, cement carriers, Ro-Ro ferries, luxury yachts, river cruisers, and unmanned vessels. PASSER SIDC serves as the fabrication capacity for all types of cable handling equipment delivered by PASSER Group to the energy industry, with key markets in renewables (offshore wind), shipping, oil & gas, and industrial construction.
Differentiator
Problem solved
Functional benefit
Products and services
- Cable Handling Equipment
- Ship Building & Modernization
- Steel Structures
- Engineering Services
- Industrial Construction
- Service Supply Vessel
- Ro-Ro Cargo Ferry (HAWAIKINUI 2)
- Superyacht Horizon
- Vessel SCOT TRADER
- Cement Carrier NB 778
- Cement Carrier NB713
- Carousel for Cables (Vlissingen)
- Cable Storage Baskets
- Cable Reels (Nexans)
- Reel Production & Renewal (Subsea 7)
- Unmanned Water Vessels
- River Cruiser Ship NB 492
- Hybrid Catamaran for Wind Farms
Quantifiable outcome
- 440-550 professionals from 15 nationalities successfully implementing international projects
- +4 more outcomes
Companies that use Passer Sidc
Customer profileNamed customers36 records
Segments4 records
Ideal customer profiles3 records
Passer Sidc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Passer Sidc partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor, core and major.
- PASSER LARSminorStructure rental solutions partnership for production of cable transportation equipment.
- Klaipeda University - Faculty of Marine Technology and Natural SciencesminorCooperation with scientists on green hydrogen as fuel for service vessels operating in marine renewable energy parks. PASSER SIDC is member of European Clean Hydrogen Alliance.
- Partner (Unnamed) - Netherlands Shipyard AcquisitioncorePASSER SIDC together with a partner acquired a shipyard in the Netherlands in January 2022. The shipyard has capacity for ships up to 135 meters long and 16 meters wide, with 120 tons and 100 tons lifting capacity cranes.
- TROSVIK MaritimecoreTROSVIK Maritime signed contracts with Kongsberg Maritime to build two unmanned water vessels. PASSER SIDC is subcontractor responsible for building hulls, pipe installation and insulation work for both ships, representing a new era in autonomous shipbuilding.
- Kongsberg MaritimecoreKongsberg Maritime contracted TROSVIK Maritime for autonomous vessel development. Vessels to use Kongsberg design and solutions for unmanned surface vessels operated from land-based control centre.
- TERASTORNI OYmajorPartnership with TERASTORNI OY for pulp storage tower construction at Metsä Group's bioproduct mill in Kemi, Finland. Combined expertise for engineering, manufacturing, and erection works.
- Leapher Shipbuilding B.V.majorContract for construction and outfiting of Horizon expedition yacht - ice-class luxury yacht hull for private owner.
- PASSER GroupcorePASSER Group AS (Norway) acquired shares of SIDC Group in 2020. PASSER Group is an EPCI supplier within wind renewables, offshore SURF markets and cryogenic insulation. Together they form a large EPCI provider with full control of the value chain. PASSER SIDC is the main fabrication capacity for all types of cable handling equipment delivered by PASSER Group to the energy industry.
- SHIPBUILDING PARTNERS GRONINGEN (SPG)coreJoint shipbuilding operations at shipyard in northern Netherlands for SCOT TRADER and other vessels.
- Royal BodewescorePartnership with one of Europe's leading shipbuilding yards specializing in cargo vessels. Joint projects include cement carriers NB713 and NB778, and SCOT TRADER general cargo ship. Royal Bodewes is one of the largest cargo vessel building companies in Europe.
- MS Steel OymajorPartner in Hanko, Finland for bulky steel product manufacturing for wave energy and floating wind structures.
Scale indicators19 records
Recent moves9 records
Expansion highlights6 records
Passer Sidc competitors and assessment
Company assessmentBroad incumbents
- Meyer Turku: Large Finnish shipyard specializing in cruise and passenger vessels. Listed as a customer/partner and an incumbent in European shipbuilding with substantially greater scale than PASSER SIDC.
- TechnipFMC: Global offshore subsea EPC major serving the SURF and offshore wind markets. Overlaps with PASSER SIDC's offshore subsea and renewable energy fabrication scope at much greater scale and breadth.
- Damen: Major Dutch shipbuilding group with broad portfolio across workboats, naval and offshore. Customer of PASSER SIDC on barge modernization and a much larger incumbent in the same shipbuilding space.
- Heerema: Dutch offshore heavy construction contractor operating its own fleet and fabricating offshore structures. Comparable as an incumbent in offshore construction that competes for the same tenders as PASSER SIDC.
Direct peers
- Huisman Equipment: Dutch manufacturer of heavy marine equipment including cable lay and handling systems, cranes and offshore structures. Directly comparable to PASSER SIDC's cable handling equipment line.
- Royal Bodewes: Dutch shipyard that partners with PASSER SIDC on cement carriers (NB713, NB778) and SCOT TRADER. Direct peer in mid-size commercial shipbuilding with comparable European yard footprint.
- Smulders: Belgian/Dutch producer of offshore wind foundations and heavy steel structures. Comparable as a European offshore steel fabrication specialist with similar customer set among wind developers.
- Ulstein: Norwegian shipbuilder focused on offshore, renewables and expedition vessels. Comparable to PASSER SIDC's shipbuilding and offshore specialization with overlapping customer set in offshore energy.
- EEW SPC: German manufacturer of large-diameter monopile and transition piece foundations for offshore wind. Closest fabrication-capacity peer to PASSER SIDC's offshore foundations work.
- Bladt Industries: Danish manufacturer of offshore wind foundations, transition pieces and substations. Directly comparable to PASSER SIDC as a specialized steel fabrication peer serving the same offshore wind value chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Passer Sidc social profiles
Digital presencePasser Sidc compliance and trust
Trust signalCompliance9 records
Passer Sidc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Passer Sidc leadership team
Management profileNumber of profiles
Profiles5 records
Passer Sidc subsidiaries and ownership
Company hierarchySubsidiaries3 records
Passer Sidc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Passer Sidc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Passer Sidc
What does Passer Sidc do?
PASSER SIDC is an EPCI (Engineering, Procurement, Construction, Installation) company that manufactures offshore foundations, builds and modernizes ships, and produces cable handling equipment for the energy industry. Operating two shipyards in Lithuania and the Netherlands with 440-550 professionals, the company delivers turnkey projects from design through product documentation for renewable energy, shipping, and industrial sectors.
Is Passer Sidc a public or private company?
Passer Sidc is a private company. It is classified as corporate owned and is currently operating.
When was Passer Sidc founded?
Passer Sidc was founded in 2010. It employs 101 to 250 people.
Where is Passer Sidc based?
Passer Sidc is headquartered in Klaipeda, Lithuania, in the Europe region.
How does Passer Sidc make money?
Four revenue lines are on record. EPCI Contract Manufacturing is the primary driver. The others are shipbuilding and Modernization, cable Handling Equipment Manufacturing and project Management and Engineering Services.
Who are Passer Sidc's main competitors?
Broad incumbents on record are Meyer Turku, TechnipFMC, Damen and Heerema. Direct peers are Huisman Equipment, Royal Bodewes, Smulders, Ulstein, EEW SPC and Bladt Industries.
Does Passer Sidc have an API?
No public API is recorded for Passer Sidc.