VEEM
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VEEM is a marine technology company specialising primarily in propulsion and stabilisation systems. VEEM also manufactures bespoke manufactured products and services to the marine, defence and mining industries. In 1989 the company acquired propeller manufacturer SS Engineering, and was involved in manufacturing for the Collins Class submarines. It has more recently become involved in the development of gyrostabilisers for use on superyachts and commercial craft.
The company was founded by Voyka and Elizabeth Miocevich in 1968, with their sons Brad, Gary (who passed away in 2015) and Mark taking over control in 1982.
In 2016, the company announced plans for a $25 million IPO which valued the company at $65 million.
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Revenue
| Rank | Company | Revenue | |
|---|---|---|---|
| th |  | VEEM | $60.4m |
203 listed industrial wa companies ranked by revenue.
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Total Shareholder Return as at 31/10/23
| Rank | Company | 1 yr | 5 yr |
|---|---|---|---|
| 815th | VEEM | -8% | 1% |
1838 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Company Activity
| NEWS: Tagged in VEEM strikes deal with US marine engineer | 02 Oct 2023 |
| NEW ROLE: Angelo Chiappini, Production Manager - Gyrostabilizers | 28 Feb 2022 |
| UPDATED: Engineers list | 28 Feb 2022 |
| ECM DEAL: New deal has been added | 15 Dec 2021 |
| ECM DEAL: New deal has been added | 24 Sep 2021 |
| NEWS: Tagged in Board Moves September 22, 2021 | 22 Sep 2021 |
| NEWS: Tagged in Hazer, VEEM raise funds for R&D | 13 Sep 2021 |
| NEWS: Tagged in VEEM posts record full-year revenue | 04 Aug 2021 |
| NEWS: Tagged in VEEM up for frigate role | 26 Jul 2021 |
| NEWS: Tagged in $4.5m for WA manufacturers | 29 Jun 2021 |
