Wrist Ship Supply upscales growth plan in Asia
Wrist Ship Supply, which is owned by the equity fund Altor, has struggled with growth in Asia. The ambition for the region, to account for up to half of the revenue in the company within a few years, remains intact, CEO Robert Kledal tells ShippingWatch.
BY OLE ANDERSEN
The acquisition of local supply companies has been an important part of the growth strategy for Wrist Ship Supply over the past 10 years, where the majority of the current revenue comes from the western hemisphere. Asia has proven to be more difficult, admits Robert Kledal, CEO of Wrist Ship Supply, regarding the growth strategy which was launched in 2015 and is meant to boost the company's core businesses in coming years in supplies for newbuildings and as supplier of provisions for ships from Asian key ports as well as for drilling rigs.
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