Borenius advised RINA on the acquisition of Foreship

We advised RINA, the multinational engineering consultancy, inspection and certification group, on its acquisition of Foreship Group, a renowned company specialising in naval architecture and marine engineering, from Vaaka Partners and other shareholders. The acquisition marks a further expansion of RINA’s marine engineering consulting offering worldwide, while strengthening its presence in Northern Europe.

Foreship is headquartered in Helsinki and employs over 90 professionals across eight offices globally, including the USA, UK and Estonia. Foreship is best known for its high-profile work in cruise ship design, energy-efficient vessel innovations, and sustainable marine technologies. Foreship has a global customer base, including major cruise lines and shipping companies, with distinctive experience in naval architecture.

RINA is a leading certification and engineering company that provides a wide range of services across the Energy, Marine, Infrastructure & Mobility, Certification, Industry and Real Estate sectors. With revenues in 2024 of EUR 915 million, 6,200 employees and 200 offices in 70 countries worldwide, RINA is a member of key international organisations and an important contributor to the development of new legislative standards.

The transaction provides RINA with Foreship’s unique experience in naval architecture, which offers high synergies within RINA Consulting. This creates opportunities to increase market share in the maritime consultancy sector, particularly in complex retrofits, new fuel integrations, and digital transformation.