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VEEM signs gyrostabiliser sales agency MOU with SAIM Group

By February 23, 2013January 8th, 2021No Comments

VEEM Ltd, Australian marine equipment specialist, has this week executed a memorandum of understanding (MOU) with the highly respected Italian marine equipment distributor SAIM Group. The objective of the MOU is to build the foundations for a Central European VEEM Gyro sales agency, bringing with it an exciting new delivery platform for the products.

The newly initiated relationship was announced at the 2013 SEATEC trade conference in Carrara, Italy.

Both VEEM and SAIM Group have established well respected reputations for the supply and support of high quality marine equipment, and both look forward to expanding their business through the outcomes from the MOU. Paul Steinmann, Product Manager for VEEM Gyro, commented on the prospects the MOU will deliver: “We are very excited by the opportunity to work with such a well respected group in the marine market.”

VEEM’s newest associate SAIM Group, originally founded as SAIM Spa in 1951, has been important to the marine industry since 1993, with the creation of SAIM Marine, equipping applications ranging from recreational tourism to commercial vessels and is the supplier of choice for most prestigious Italian shipyards. SAIM Marine distributes high quality equipment to over 3,000 customers along the southern coast of Europe. Operations areas include Buccinasco , Fiumicino, Viareggio and Bologna in Italy, Punat in Croatia and Mandelieu in France, run by its sister company SAIM France Sarl.

The SAIM – VEEM collaboration will bring new and exciting prospects for the newly renamed VEEM Gyro product range, known up until recently as VEEM’s Halcyon Gyrostabilisers. VEEM Gyros, as described by Product Manager Paul Steinmann “are powerful, highest quality, roll stabilisation devices specifically engineered for use on large boats and small ships.” The launch of the VEEM Gyro product range extends VEEM’s marine equipment offering beyond its highly respected propeller and shaftline products.

Sales territories are yet to be confirmed, however the outcome of the MOU will enable VEEM Gyro to build its presence in the central European market, increasing its international presence in the global marine industry. Potential sales territories that are the current topics of discussion include Italy, Croatia and the Mediterranean coast of France, where SIAM Marine are already located.


Paul Steinmann, VEEM Ltd, PO Box 1542, Canning Vale 6970, Western Australia.


Direct Line:         +61 8 9455 9387

Office:                  +61 8 9455 9355


To be confirmed


For more information or to arrange interviews with either party, please contact:

Richard Broughton, Merchant Technology Marketing, Saxon House, Saxon Wharf, Southampton, Hampshire, SO145QF


Direct Line:         0044 2380 215394

Office:                      0044 2380 225478

Mobile:                   0044 7747 016314 

About VEEM

With over 50 years of propeller manufacturing behind it, VEEM manufactures a wide range of propulsion and stabilisation products for the marine sector. VEEM leads the industry in the development of advanced propeller design and manufacturing technology with its patented Interceptor propellers. Application of state-of-the-art design technology and numerical models to CNC machined parts ensures that VEEM products are of the highest possible performance and quality.

Based in Perth, Western Australia, VEEM supplies products internationally to clients who value quality and need confidence in what they receive. As a quality endorsed company VEEM strives to achieve best practice in all functions of its business and to exceed its customers’ expectations at every opportunity.

Building upon its core strengths in the fields of technology and precision engineering design, VEEM Ltd geared up in 2012 to manufacture powerful gyrostabilisers for superyachts, patrol boats and offshore working vessels.  VEEM Gyros are powerful, highest quality, roll stabilisation devices specifically engineered for use on large boats and small ships. The combination of VEEM’s unwavering passion for beautiful design, engineering excellence, and VEEM’s long history of manufacturing and supporting the highest quality marine equipment has resulted in a truly class leading series of products.

About SAIM Group

Distributed brands include: ABT-TRAC (bow and stern thrusters + fin stabs), Centek (mufflers), Charles Marine (electrical inlets), Delta “T” Systems (engine room ventilation systems), Dynamica (gen-sets), Glendinning (authomatic winding systems), Kohler Power Systems (gen-sets), Lectrotab (trim tabs), Maxwell (winches and capstans), Racor Parker (filtration systems), Side-Power (bow and stern thrusters), Steyr Motors (diesel engines), Underwater Lights (lighting systems), Victron Energy (inverters and chargers), Veem (gyrostabilizers) and ZF Marine (electronic controls).

SAIM Marine is built on five branches located in: Buccinasco (Milan), Fiumicino (Rome), Viareggio, Bologna and Mandelieu on the French Riviera, where a French sister company (Saim France Sarl) is.

Total Area: 15,000 sqm

Total Turnover: 24m Euro

Products nr.: 15,000

Customers: 3,000

Service Dealers: 90

Employees: 60

Media Contact : Mr Paul Steinmann (Gyro Product Manager).

+61 412 042 330

Download press release 


VEEM Ltd is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries.