Transas lands in Cork

5 Dec 2003

Transas, a software and technology provider for the marine industry, has announced plans to set up its international headquarters in Cork. Supported by IDA Ireland, the operation will employ 30 people and will manage Transas’ international business.

The jobs will be created over the next three years and recruitment is already under way. The Cork operation will co-ordinate and manage Transas’ worldwide operations, supporting subsidiaries and companies in Russia, UK, USA, Germany, Sweden, China and Singapore. By establishing its international headquarters in Cork, the company will look to operate its business more efficiently and effectively through centralised group functions such as finance, accounting, sales, marketing, information technology support and business development.

Transas’ main areas of activities for the marine industry include electronic cartography, navigational systems and integrated bridge solutions, control and monitoring systems, vessel traffic management systems, marine pollution incidents response and management systems and a wide range of training simulators.

Transas Holdings Limited, the holding company for Transas Ltd., is privately held by the owners and is based in the Isle of Man. It was originally founded in 1990 in St. Petersburg, Russia, where its technology development centre is located. The company employs 440 people worldwide.

Transas products are available in more than 70 countries. Customers include the Irish Navy, British Royal Navy, US Navy, Maersk Shipping Lines and Exxon Shipping, as well as projects throughout the world that are financed by the EU. The group reported sales last year of more than €25m.

Commenting on the news, the Tánaiste and Minister for Enterprise, Trade and Employment, Mary Harney TD said: “Transas is a well established player in its sector, with a wide international market for its products. This project is in line with this Government’s strategy of attracting high quality investments to Ireland.”

By Gordon Smith