Ship management company Dohle has completed what it terms 'a friendly takeover' of the Ramsey shipping firm Mezeron.
The company says the bid was supported by Mezeron's shareholders and management and facilitated by Moore Stephens.
Dohle says the aquisition will complement its portfolio of services and help secure the diversity of transport means to and from the Isle of Man, by strengthening Mezeron's financial position.
It says regular services into Ramsey from Belfast and the Lancashire port of Glasson Dock, by the MV Silver River, will continue under the new ownership.
Dohle adds options to 'enhance these services' will be carefully considered, in discussions with Mezeron's clients and its experienced management team, which will remain in place.