Foresight Group announces an £8 million investment in the management buyout of Martek Marine, a leading supplier of ship safety and performance products, aiming to accelerate growth and innovation in the maritime industry.

Information on the Target

Founded over two decades ago, Martek Marine Ltd is a leading supplier of safety, performance, and crew welfare products targeted at the global shipping industry. Headquartered in Rotherham, Yorkshire, the company employs a skilled team of 60 in the UK and Singapore. Martek has successfully supplied more than 30,000 pieces of equipment to major shipping operators worldwide, including portable and fixed gas detection systems, defibrillators, and water testing solutions.

With a strong expertise in navigating the complex landscape of maritime regulations, Martek Marine is distinguished by its commitment to quality. The company has been honored with the prestigious Queen’s Award for Enterprise on two occasions and maintainsISO 9001 certification, underscoring its high standards of operation. Martek's established market reputation and dedicated customer base position it as a key player in ship safety and crew protection.

Industry Overview in the Target's Specific Country

The UK shipping industry significantly contributes to the country’s economy, serving as a crucial link in global trade. With robust maritime regulations in place, the industry is under continuous scrutiny to enhance safety