­The leading shipbuilding consortium­ Meyer Group has joined forces with Admares Marine, global leader in floating real estate, to form a new joint venture. The new company, headquartered in Turku, Finland, is named Meyer Floating Solutions, and is focused on developing and manufacturing high quality floating real estate.


 
“Meyer Group had recognized great potential in the floating solutions business and identified Admares Marine as the market leader in this developing industry. At the same time, Admares Marine was looking for a strategic partner to strengthen its capabilities and maximize its potential in the market. The new venture combines the strengths of both companies and allows us to compete for the mega projects that are being built on the water”, says Kaj Casén, CEO at Meyer Floating Solutions.


 
“We are happy to enter additional business areas and use our unique know-how to create floating solutions for housing, tourism, infrastructure and many more. Meyer Floating Solutions is a natural addition to our current product portfolio and with Admares we have a great and experienced partner at our side”, says Bernard Meyer, Chairman of Meyer Group.
 
The industry of building real estate on water is expected to grow exponentially, as it offers a whole new opportunity to develop high quality property in valuable locations. It has become even more valuable to build on water than by water.
 
The new company will continue to provide products manufactured and commissioned offsite in a controlled factory environment. Compared to conventional construction work, the company’s advanced production methods enable shorter delivery times and minimized environmental impact since traditional construction sites can be completely avoided.
 
Meyer Floating Solutions offers a variety of floating real estate from private villas up to the world's largest overwater installations. 


 
The new company will inherit Admares Marine’s product portfolio and patents. Thanks to Admares Marine’s significant R&D investments and pioneering expertise on overwater solutions, the new company can already offer market-ready concepts. The company has a selection of standard floating villas and hotels but also serves clients who are after fully customized overwater solutions. 
 
Meyer Floating Solutions will continue to serve clients globally by providing turnkey services including design, manufacturing, transportation, and final installation at destination. Joint mission to supply sustainable lifestyle opportunities on water. 

Credits: Meyer Group

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