10 July 2018

Transaction of dry dock and related activities from Backe Bergen AS completed

Bergen Group ASA has completed the acquisition of Backe Bergen's property (Sjøsterk AS) and business (Sjøsterk II AS) at Stamsneset at Grimstadfjorden in Bergen.

 

The purchase is made according to the terms communicated in previous stock exchange announcements on 27 February and 2 March of this year.

The business will be operating under the name of Bergen Group Sjøsterk Eiendom AS and Bergen Group Sjøsterk AS, and both included as subsidiaries of the Group in line with Bergen Group AAK and Bergen Group Services.

CEO Torgeir Nærø in Bergen Group ASA considers the acquisition as an important milestone in the Group's strategy of growing into an attractive industrial group based in the western part of Norway.

“This aqusition gives us an opportunity to expand and develop our maritime business to include product deliveries towards the aquaculture industry. We have today taken over a well-established business with extensive experience in the production of integrated fleets for the aquaculture industry. Our ambitions is to further develop this market position. The facility also provides us with a long-term strategic capacity that, if necessary, can be utilized against the Group's maritime operations, "says Nærø, pointing out that there will also be synergies with the Group's existing operational activity.

Stamsneset is located south of Bergen City, by the fjord separating Bergen Airport and the naval base at Haakonsvern. Bergen Group has acquired the property, which includes facilities such as a modern and upgraded dry dock of 22x90 meters, satisfactory crane capacity, a fabrication shop and an upgraded administration building.

Bergen Group ASA is a Norwegian industrial group based in western part of Norway, and a well-established supplier of products and services to the areas of Maritime Service, Access Technology and Aquaculture. The Group's companies are based on extensive expertise and long experience in their business areas. The operational activity is carried out by the subsidiaries Bergen Group Services AS, Bergen Group AAK AS and Bergen Group Sjøsterk, with a total of 200 employees. For further information: www.bergengroup.no
 

Contact persons:
CEO Torgeir Nærø in Bergen Group ASA, phone +47 922 00 778 
SPV Øyvind Risnes in Bergen Group ASA, phone +47 480 48 561