# TORM acquires 75% stake in scrubber supplier ME Production

Danish tanker shipping company TORM has bought a 75% ownership stake in scrubber supplier ME Production from founder Jens Peter Faldt, who retains the remaining 25%.

- Type: Acquisition
- Announced: 2022-08-17
- Where: Denmark
- Status: completed
- Products: marine exhaust gas cleaning systems, scrubbers, gearboxes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [TORM](https://endata.com/companies/13176.md) (acquirer)
- [ME Production](https://endata.com/companies/13177.md) (target)

## Sources

- [offshore-energy.biz](https://www.offshore-energy.biz/2022/08/17/torm-takes-75-pct-stake-in-scrubber-supplier), 2022-08-17: "I am convinced that combining the experience and engineering resources at MEP with the operational excellence at TORM will help us in achieving our environmental targets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.