Its engineering office still exists as GustoMSC, a subsidiary of American oil rig and equipment manufacturer NOV Inc.

[1] By 1872 they had become so successful that they bought Utrechtsche IJzergieterij & Machinefabriek (Utrecht iron foundry and machine factory) for 60,000 guilders.

In 1885 contractor J.C. van Hattum ordered 10 bucket chain excavators for the construction of the Panama Canal.

It was the first Dutch company to introduce a hydraulic forge press in 1885, and was quick to adopt electric lighting in 1888.

In 1887 it bought the grounds and inventory of the machine factory, iron foundry and shipyard 'De Atlas' in Amsterdam for 150,000 guilders, but this was no success.

In 1894 Gusto then bought shipyard 'De Industrie' in Slikkerveer from P. Smit jr., which company left for Rotterdam.

It was opened on 1 June 1905, and gradually the employees from Utrecht (500) and Slikkerveer (800) were transferred to the new shipyard.

In Schiedam, Gusto also build bridges, which proved a savior during the Great Depression.

[5] Important developments in Schiedam were the production of sea-going ships, torpedo boats and minesweepers for the Dutch Navy.

In general the Dutch authorities were not pleased with Gusto's role in World War II.

In 1958 Gusto got an order from the then Royal Dutch Shell to design a jackup rig which would not infringe on the patents held by Delong en LeTourneau, which enabled American constructors to monopolize this market.

In 1966 a first highlight was the rig Ile de France, with which the French company Foramer wanted to drill on the coast of Senegal.

[9] Via SBM inc. IHC would survive the crisis in Dutch shipbuilding, but it would not save Gusto Shipyard.

After that, it became increasingly difficult to get new orders in competition with low wage countries like Japan and South Korea.

The situation was very much aggravated by a financial disaster with an IHC Holland offshore adventure in the USA.

Meanwhile, the orders for big structures like the Viking Piper, Maersk Explorer and Brent SPAR led to heavy losses.

Confronted with a government demand to reduce ship building capacity, the board of IHC then decided to sacrifice the old Gusto Shipyard.

[11] Five years later, IHC Caland bought a successful design office specializing in jackup rigs, Marine Structure Consultants (MSC)[12] and in 2011 Gusto Engineering and MSC were merged to form GustoMSC.

[14] It was acquired by American oil rig and equipment manufacturer National Oilwell Varco (later renamed NOV Inc.) in 2018 and operated as a subsidiary.