Inocea Group

Inocea Group is a British and Monaco based company that operates in the marine industry, defence and industrial sectors.[1] The company owns several shipyards including Davie Shipbuilding in Canada and the Helsinki Shipyard in Finland.[1][2]

History

The company was founded in 2012 by Alex Vicefield and James Davies and incorporated fully in 2015.[3][4][5] In 2012, the company took over the Davie Shipbuilding (under Chantier Davie Canada Inc.), the largest yard in Canada.[6]

In 2023, the Group acquired the Helsinki Shipyard, one of the largest Arctic shipbuilders.[2][7]

In December 2025, the Group was in talks to acquire German Naval Yards.[8][9]

In March 2026, the Group acquired former Royal Fleet Auxiliary ships RFA Wave Ruler (A390) and RFA Wave Knight (A389) with the intention of refitting them for active service with allied nations.[10][11]

In May 2026, it was announced that the United States Coast Guard had finalised its contract with the Group (under Davie) for the delivery of five Arctic Security Cutters as part of the Polar Security Cutter program.[12][13]

References

  1. ^ a b Attariwala, Joetey (2024-07-12). "Inocea Group Leading canada's shipbuilding into the future". Canadian Defence Review. Retrieved 2026-05-14.
  2. ^ a b Carpenter, Elsa (2023-11-05). "Monaco's Inocea announces its Davie Group has acquired the assets of Helsinki Shipyard Oy". Monaco Life. Retrieved 2026-05-14.
  3. ^ "Who we are". Inocea. 2026-01-13. Retrieved 2026-05-14.
  4. ^ "Section 172 Statement" (PDF). Retrieved 2026-05-14.
  5. ^ "Company Group". TrustedDocks. Retrieved 2026-05-14.
  6. ^ Gordon, Tom (2019-09-02). "Our yard wasn't nationalised and we went on to become a success". The Herald. Retrieved 2026-05-14.
  7. ^ Chambers, Sam (2023-11-06). "Davie completes acquisition of Helsinki Shipyard". Splash247. Retrieved 2026-05-14.
  8. ^ "UK's Inocea Group eyes acquisition of Germany warship builder GNYK, source says". Reuters. 2025-12-17. Retrieved 2026-05-14.
  9. ^ "Login". Ship & Offshore. Retrieved 2026-05-14.
  10. ^ Barton, Tom (2026-03-07). "Inocea acquires first of two UK tankers". Default. Retrieved 2026-05-14.
  11. ^ "Inocea Group to Acquire UK's Wave-class Fast Naval Replenishment Fleet to Return Proven NATO Capability to Active Service". Naval News. 2026-02-18. Retrieved 2026-05-14.
  12. ^ The Maritime Executive (2026-05-13). "U.S. Coast Guard Finalizes Five-Ship Icebreaker Order With Davie Defense". The Maritime Executive. Retrieved 2026-05-14.
  13. ^ "Davie locks in $3.5 billion contract for five Coast Guard icebreakers". WorkBoat. 2026-05-13. Retrieved 2026-05-14.
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