The agreement confirms Rise’s acquisition of SSPA. Rise operates under similar conditions to SSPA, with a combination of public and commercial research and development activities, and has the expertise and client base that match SSPA in a way that is beneficial for the continued development of the business.
"The Chalmers Foundation wishes to focus more on the University's core activities – research, education and utilisation, as well as creating the best possible future conditions for SSPA," says Chalmers President and CEO Stefan Bengtsson. "Our judgement is that Rise offers the right organisational atmosphere to strengthen and further develop SSPA's operations."
Pia Sandvik, CEO of Rise, comments:
"I warmly welcome SSPA to Rise and look forward to following the development closely. SSPA conducts internationally recognised, high quality maritime research, and will be a strategically important reinforcement for Rise's existing maritime operations."
To plan and prepare for the company transfer, which will take place on 1 June 2021, Rise will start an integration project for the process of incorporating SSPA's operations into Rise. SSPA's operations will continue unchanged until the takeover.
SSPA Sweden AB works with research and development in maritime technology, and is currently a wholly owned subsidiary of the Chalmers University of Technology Foundation. The company has about 90 employees in Gothenburg and Stockholm.