Engineering firm targets £20m turnover as it looks to grow marine and ports division
Telford-based automation and industrial drive systems specialist iconsys is ramping up its operations in the maritime industry with the appointment of Tim Munn as consultant for business development in marine and ports.
Munn joins iconsys after spending nearly 15 years at global OEM ABB latterly as head of sales for marine and ports.
He joins iconsys as the company looks to move into its purpose built £3m 17,500 sq ft headquarters, in Stafford Park, which is backed by a £150,000 grant from the European Regional Development Fund (ERDF) and the Marches Building Investment Grant Scheme.
The move will also create more than 10 jobs, adding to the current 50 strong workforce.
Managing director Nick Darrall said iconsys is aiming to grow its turnover to £20m in the next four years and strengthen its market share in key industry sectors such as marine.
He said iconsys works across industries including steel, pulp & paper, automotive, construction and intralogistics, but sees marine and ports as an important area for future growth.
“iconsys already has a proud history of building integrated power and control systems for ‘back of deck’ applications for ships and in ports but, we are only scratching the surface of what we offer into the marine sector,” he said.
“Bringing in Tim, with his background in marine automation with ABB and his work as co-chair of National Maritime’s SME working group, we want to catapult iconsys into green propulsion solutions and electrical and controls infrastructure for zero emission vessels. We feel that iconsys is a sleeping giant in the maritime sector. We have a huge amount to offer and can help customers improve efficiency and reduce overheads by offering bespoke solutions.”
Munn added: “We want to grow iconsys into the maritime propulsion space offering purpose built integrated power and propulsion systems.
“A big benefit iconsys has is its flexibility to offer a vast range of equipment from all the main global OEMs having OEM partner approvals. But the twist is that iconsys is totally independent and by using our new combined expertise we can help customers find the green propulsion solution tailored to their needs. Another big benefit, that really attracted me to work with iconsys, is its purpose-built cloud infrastructure for remote monitoring of power and automation systems. This enables us to offer the latest digital efficiencies.”
iconsys will initially be targeting its propulsion systems at shipyards, and boat owners operating, small to medium vessels.
The solutions are especially suited to windfarm vessels, patrol boats and short sea ferries powered by electric using either batteries or fuel cells.
Th company said that another prime area for growth was shore to ship power systems, an area it is seeing increased demand from port companies across the UK and overseas.