Photo of Bergen Group Sjøsterk's facilities at Stamsneset.

The contract has an estimated value of NOK 12-14 million, and commence immediately. The fleet has a dimension of 40 x 17 meters and will be delivered in Q1 2019.

Osland Havbruk AS, headquartered in Bjordal by Sognefjorden, is one of the fish farm companies in Norway with the longest history. Throughout the three generations, the company has developed solid production capabilities and capacity covering most of the value chain, with well established facilities for both broodstock, hatchery and sea water production of salmon and trout. Osland Havbruk AS has also previously been delivered feed barges in concrete from Sjøsterk.

CEO Torgeir Nærø is very pleased that Bergen Group Sjøsterk has received its first production order, at the same time the Group finalized the acquisition of the concrete barge producer Sjøsterk from Backe Bergen AS.

'Bergen Group has been looking forward to acquiring Sjøsterk and the production facility at Stamsneset located by Grimstadfjorden. We now have in our hands a business with extensive experience in the production of integrated fleets for the aquaculture industry. The contact with Osland Havbruk ensures us a good capacity utilization of the plant from day one after the acquisition, and will be important in the efforts to strengthen Bergen Group Sjøsterk's market position in the aquaculture industry, 'says Nærø.

Stamsneset is located south of Bergen City, by the fjord separating Bergen Airport and the Norwegian Navy's headquarter 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 & Services 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

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Bergen Group ASA published this content on 10 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 July 2018 07:08:00 UTC