VEEM Ltd engages in the manufacture and sale of marine propulsion and stabilization systems. It offers gyrostabilizers; CNC machined monobloc and fixed pitch propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest and shaft lines and marine ride control fins. in addition, it manufactures bespoke engineered products for marine, defense, and mining industries; and provides engineering services.

The company was founded in 1968 and is headquartered in Canning Vale, Australia.