Van Aalst Group
Van Aalst Group is an innovative company active in the maritime and offshore industry and also in the construction industry.
Safeway walkway
About Van Aalst Group
The Van Aalst Group from Dordrecht has been active in the maritime and offshore industry since 1954. Van Aalst is a real family business that is now owned by the third generation. In recent decades, the Van Aalst Group has developed in the various segments of the maritime and offshore industry. Van Aalst is currently the market leader in loading and unloading systems for cement carriers as well as bulk handling systems. The markets in which Van Aalst is active are often niche markets in which Van Aalst is a market leader or has the ambition to become one. The Safeway walkway is called a “game changer” in the “walk to work” market by key strategic customers.
Products and services
The Van Aalst Group consists of the following companies:
Safeway BV develops and supplies the “motion compensated gangway system” (walkway). This walkway allows engineers to walk from a ship to an offshore structure such as a wind turbine or drilling platform.
Cargomaxx BV en Van Aalst Marine & Offshore BV develop and supply bulk handling systems for the oil industry, gas industry and cement industry (Dry-Bulk Handling Equipment). It also supplies a special tank (“combi tank”) that is used to store multiple types of cargo.
Cargomaxx Drilling BV develops and supplies the system to store and transfer so-called drill cuttings (drill cuttings) on a drilling rig in a significantly safer way with less environmental impact.
Mulder Europe BV develops, produces and supplies sustainable concrete mixers.
Techano Group AS develops and supplies offshore cranes. This company is located in Kristiansand in Norway.
Motion Compensated Gangway System (Safeway BV)
With the “Safeway”, the Van Aalst Group has designed an innovative movement compensating walkway, which is now in use in various places around the world. Due to the increased demand for the Safeway walkway, we want to expand capacity through a bond issue.
Health Benefits
With this gangway, engineers can be transferred from a ship to a drilling platform or a wind turbine in a more efficient and, above all, safer way. The walkway is located on a moving ship in the middle of the sea, exposed to wind, waves and currents and is kept in position using a dynamic positioning system. The Safeway gangway, in turn, uses patented technology to compensate for the ship's movements in such a way that the end of the gangway is kept completely still (geostationary) in place.
The Safeway walkway is able to land at any point and has a vertical reach of 16 meters. This walkway makes it possible to carry out efficient maintenance on an offshore structure, even under heavy weather conditions. The time that an engineer is actually working on an offshore structure “hands on tool time” is longer with a ship and gangway than with a helicopter. In addition, the energy consumption of our Safeway is much lower than that of the competition. With the further rollout of the Safeway rental fleet, we meet the needs of this growing market.
Market development
By expanding the Safeway rental fleet, we are focusing primarily on the market for sustainable energy through offshore wind farms.
This market is growing rapidly worldwide. An average wind farm has approximately 100 wind turbines. During the construction of a wind farm, footbridges are also used. Even after completion of a wind farm, maintenance work will have to be carried out on footbridges on a regular basis. The Safeway can also be used here.
We anticipate that the market for offshore wind farms will continue to grow in the coming years. In addition, we expect that there will also be increasing demand for footbridges as a sustainable alternative from the traditional oil and gas industry. Besides the fact that the Safeway is safer and cheaper in the long term, the Safeway produces significantly less greenhouse gas emissions than a helicopter.
Construction industry
Bulk handling systems (Van Aalst Marine & Offshore BV)
We have designed bulk handling systems, especially for the cement industry (Dry-Bulk Handling Equipment). The cement carrier is used by global cement companies that have cement factories in certain countries and sell cement surplus in other countries.
An important feature of our technology is that the cement is completely encapsulated during the entire process of loading, transport and unloading. This enables us to handle cement silently and dust-free in a sustainable manner, with reduced energy consumption.
Our world's largest bulk handling R&D center gives us the opportunity to research and study all kinds of products for pneumatic properties.
Bulk handling systems (Cargomaxx BV and Van Aalst Marine & Offshore BV)
We have also developed products to transport multiple products in the same storage tank. One of the main differences between these systems is the tank that is included in the system. That tank is used for cargo storage. Cargo concerns dry bulk or wet bulk (such as mud, fuel and oil) that is stored in the tank. This means that a ship can be used much more efficiently, which reduces the number of sailings and therefore greatly reduces the associated emissions.
Waste processing system Drilling cuttings (Cargomaxx Drilling BV)
Traditionally, so-called drill cuttings were dumped into the ocean. We have developed a system to store these drill cuttings in the column (the legs) of a drilling rig. The drill cuttings can then be pumped from the column to a ship. This ship takes the drilling cuttings to shore where it can be recycled in an environmentally friendly way. The existing system is also very unsafe for the people who have to work with it. The Cargomaxx solution offers a major advantage in relation to safe working on board an oil rig. The most important customers here are the owners of drilling platforms.
Concrete mixers (Mulder Europe BV)
We sell concrete mixers. We have also developed a sustainable system in this area, appropriately named “Ecodrive”. This electrically powered mixer is fully in line with the objective of minimizing CO2 and other harmful substances. Another additional advantage of an electrically powered concrete mixer is the reduction in noise pollution by approximately 60 to 70%. The main customers here are concrete plants and construction companies at home and abroad.
Offshore Cranes (Techano Group AS)
Through this Norwegian-based company, offshore cranes are developed and sold, mainly for the offshore fish farming market. Kristiansand, the location of Techano, is seen as the heart of the world of offshore crane technology. Many international companies active in this sector are located here.
Offshore fish farming is currently experiencing strong growth. Offshore fish farming involves farming salmon on the open sea instead of in a fjord. Techano has succeeded in quickly becoming the market leader in load handling for this industry.
Activity
Stakeholders
Management
Mr W. van Aalst (CEO)
Mr C. Zuur (CFO)
Mr T. Huiskens (COO)
Mr M. Kerssens (Commercial director)
Mr T. Alkema (Bulk handling)
Mrs R. Koper (QHSE)
Mr J. Schotanus (Mulder)
Mr M. Sorenson (Techano AS)
Structure
Loan purpose
We want to invest in the production of additional Safeway walkways with the money we raise from the bond issue. For this we need an amount of € 4.999.000.
If we do not fully achieve the target amount, we may finance the construction through our existing shareholders.
Risks and certainties
Investing always involves risks. The main risk you run is that Van Aalst Group BV has no money to repay you or to pay the interest. This could happen, among other things, if market conditions change or the technology does not work as intended. Then you may not receive any repayment of the loan and you will not receive any interest.
No further guarantees are provided. For the complete risk analysis, please refer to the prospectus and the information document .
Rates
The rates charged by NPEX are shown below.
| NPEX account | free |
|---|---|
| Deposit money | free |
| Registration fee for issue | 1% one-off |
| Service fee | 0,05% per month* |
*To be calculated based on the nominal value of the bonds in the portfolio on the coupon payment date and to be offset against the (monthly) interest payment.
