Vard Electro signs contract with Lloyd Werft for conversion project
Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being converted into a Research Vessel.
The scope of supply covers the removal of the vessel’s existing automation systems, replacing it with Vard Electro’s advanced SeaQ Integrated Automation System (IAS) and SeaQ Power Management System (PMS), ensuring a future-ready platform for vessel operations. The upgrade includes new control cabinets and modern power management units, forming the foundation for the vessel’s upgraded electrical and automation systems.
As part of the delivery, the new SeaQ systems will be seamlessly integrated with the vessel’s existing onboard equipment, creating a unified and user-friendly setup that supports safe operations and efficient energy management.
The SeaQ Power Management System will contribute to optimized energy efficiency, improved load control, and enhanced operational reliability, forming a solid foundation for the vessel’s new role as a Research Vessel.
- We are proud to support Lloyd Werft in this high-end conversion project and look forward to contributing to a successful transformation of the vessel, says Francisco Lima, VP Retrofit & service in Vard Electro.
- This project highlights Vard Electro’s core strength as a system integrator – combining our turnkey delivery capabilities with proven SeaQ technology to modernize and extend vessel performance.
The work will be carried out at Lloyd Werft in Germany, a shipyard widely recognized for its high-quality repair, refit, and conversion projects within the cruise and luxury yacht segments. The project is planned to be completed in Q2 2026.
Keywords
Contacts
Anne-Bente Skjellum
Tel:+47 70 31 12 94Tel:+47 91 55 96 66anne-bente.skjellum@vard.comImages
About Vard Electro
Vard Electro is an international supplier and integrator of marine electrical systems, and a subsidiary of the Fincantieri owned Vard Group. The company provides flexible turnkey solutions covering design, engineering, installation, and lifetime services. Through the in-house developed brand SeaQ, Vard Electro offers a portfolio of modular and integrated solutions within electrical power, automation and control, navigation, remote operations, and communication, developed in collaboration with shipowners and operators to support reliable, and efficient vessel operations. Headquartered in Norway, Vard Electro has facilities and service hubs worldwide.
Fincantieri Oil & Gas S.p.A, a wholly owned subsidiary of FINCANTIERI S.p.A. Headquartered in Trieste, Italy, is majority shareholder of VARD with around 98 % of the shares. FINCANTIERI is one of the world’s largest shipbuilding groups, and a global leader in cruise ship design and reference player in all high-tech shipbuilding industry sectors. With over 230 years of history and more than 7,000 ships built, the Group today has a production network of 18 shipyards operating in four continents and over 20,000 employees.
Alternative languages
Subscribe to releases from Vard Group
Subscribe to all the latest releases from Vard Group by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Vard Group
VARD og Ocean Infinity signerer ny kontrakt12.1.2026 08:18:43 CET | Pressemelding
Ålesund 12.01.26: VARD, det norske datterselskapet av Fincantieri-konsernet og en av verdens ledende designere og skipsbyggere av spesialiserte fartøy, har signert en ny kontrakt med eksisterende kunde Ocean Infinity på design og bygging av fire flerbruks robotfartøy (Multi-Purpose Vessels - MPVs). Kontraktens verdi. overstiger 200 millioner euro.
VARD and Ocean Infinity signs new contract12.1.2026 08:18:21 CET | Pressemelding
Ålesund | Norway: VARD, the Norwegian subsidiary of the Fincantieri Group and one of the major global designers and shipbuilders of specialized vessels, has signed a new contract with existing customer Ocean Infinity, for the design and construction of four Multi-Purpose Robotic Vessels (MPVs). The value of the contract exceeds 200 million euros.
VARD and NORCE with partnership18.12.2025 09:00:00 CET | Pressemelding
VARD has recently signed an agreement (MoU) with the major Norwegian research institute NORCE, establishing a strategic partnership to cooperate on research and innovation.
VARD og NORCE med partnerskap18.12.2025 09:00:00 CET | Pressemelding
VARD har nylig signert en avtale (MoU) med det norske forskningsinstituttet NORCE, og etablerer et strategisk partnerskap for å samarbeide om forskning og innovasjon.
Vard Electro signerer serviceavtale med Aker QRILL Company14.11.2025 08:26:02 CET | Pressemelding
Vard Electro har signert en treårig serviceavtale med Aker QRILL Company, en ledende aktør innen bærekraftig krillhøsting. Avtalen omfatter en flåte med fire krillfartøy og to lasteskip.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom