Oceanco has completed the acquisition of Alewijnse, a Netherlands-based electrical systems integrator with 135 years of industry experience. The purchase was made through Oceanco's new shareholder Gabe Newell, founder of Valve Corporation and research initiative Inkfish.Alewijnse will maintain its current leadership team and operational structure while joining Oceanco's group of companies, which includes Lateral, Mercury and Aluship. The electrical specialist has collaborated with Oceanco on yacht projects since the 1990s and currently serves multiple maritime sectors including naval, dredging, offshore and industrial clients.Oceanco CEO Marcel Onkenhout stated: "With Alewijnse joining the Group, we have the opportunity to develop new solutions and innovations that serve not only yachting, but also other maritime sectors."Alewijnse CEO Gert Bravenboer added: "Electrical systems integration is at the heart of modern yachting and maritime operations, and as part of the Oceanco Group, we can build on our expertise and lead in a rapidly evolving sector."Strong Root Capital, which guided Alewijnse through recent years of development, facilitated the transaction. Partner Patrick Zanders noted: "The company has developed a clear vision for the future and secured a solid position in the market. We are therefore proud that a new owner has been found who will continue to build on this."The acquisition strengthens Oceanco's integrated service capabilities amid growing demand for advanced electrical systems in superyacht construction. Alewijnse's expertise in automation and power management will support Oceanco's yacht-building operations while continuing to serve external clients across maritime industries.Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.Credits: Oceanco
August 19, 2025