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VEEM Competitors and Similar CompaniesClear all

VEEM's competitors and similar companies include Truston Technologies, Sirena Marine and Fincantieri.

	VEEM VEEM (formerly known as VEEM Engineering Group or Ruggles) is a designer and manufacturer of marine propulsion and stabilization systems.	Truston Technologies Truston Technologies is a provider of custom solutions for the defense, marine, and energy markets.	Sirena Marine Sirena Marine is a manufacturing company specializing in both the yachting and automotive industries.	Fincantieri Fincantieri is a shipbuilding company that designs and manufactures marine components.
Founding Date	Founding Date 1968	Founding Date 1994	Founding Date 2006	Founding Date 1959
Type	Type Public	Type Private	Type Subsidiary	Type Public
Tags	Tags Manufacturing & Industrial engines marine maritime mechanical components	Tags Manufacturing & Industrial marine maritime mechanical components	Tags Manufacturing & Industrial marine maritime mechanical components metal products	Tags Manufacturing & Industrial engines marine mechanical components shipbuilding
Locations	Locations Canning Vale, AU HQ Rotterdam, NL	Locations Annapolis, US HQ	Locations Istanbul, TR HQ Bursa, TR Istanbul, TR Muğla, TR	Locations Trieste, IT HQ Adelaide, AU Canberra, AU Ipojuca, BR Ottawa, CA Vancouver, CA Shanghai, CN see more
Employees	Employees 105	Employees 22	Employees 3381% increase	Employees 22,270
Financial
Revenue (est.)	Revenue (est.) $68.6m (FY, 2025)	Revenue (est.) N/A	Revenue (est.) N/A	Revenue (est.) €8.9b (FY, 2025)
Cost of goods	Cost of goods $26.3m (FY, 2025)	Cost of goods N/A	Cost of goods N/A	Cost of goods €4.3b (FY, 2025)
Gross profit	Gross profit $42.4m (FY, 2025)	Gross profit N/A	Gross profit N/A	Gross profit €4.9b (FY, 2025)
Net income	Net income $3m (FY, 2025)	Net income N/A	Net income N/A	Net income €117.3m (FY, 2025)