Upcoming IPO: Oceans of opportunity

Veem is a family-run engineering business that has been in operation for 48 years. Veem’s core business centres around specialist marine propulsion where they have created significant IP and have more recently expanded into Gyroscopic stabiliser systems. This technology reduces vessels’ rolling motion by up to 95% when at anchor or drifting. The systems are designed for vessels ranging from 25-80 metres, including superyachts, ferries, tug boats and patrol vessels. The technology is relatively new and displaces the current use of retractable-fin systems which are underwater appendages that extend from the hull.