TTS Group ASA in Bergen has signed a contract with Kleven
Verft AS worth approximately NOK 65 million. The contract
concerns delivery of a subsea crane. The contract also
includes an option for two identical cranes.
TTS Group has signed the contract through its subsidiary
TTS Energy AS, a company in the TTS Energy division. The
Energy division supplies drilling equipment for offshore
rigs, handling equipment for offshore vessels, as well as
complete land rigs.
- This agreement is a result of a long term focus,
and strengthen further our position in this market, says
Johannes D. Neteland, President and CEO of TTS Group.
After two demanding years 2011 was a turning point for
the Energy divison, with significantly higher activity
and profitability.
Energy divison turnover in 2011 was MNOK 1 228, a 72.5
percent increase compared to MNOK 712 in 2010.
- We are satisfied for having increased the sale of
complete drilling equipment packages, cranes and other
handling equipment for the offshore industry. TTS have
succeeded in recruiting the competence needed to complete
the projects with high quality, and within deadline, says
Neteland.
The market outlook for the Energy division continues to
be positive with continued high activity for both
Drilling equipment and offshore handling equipment.
About TTS Group ASA
TTS Group ASA is an international group that develops and
supplies handling equipment for ships, ports and offshore
oil and gas installations. Operations are organised into
the business areas Marine, Energy and Port and Logistics.
TTS is among the worlds leading suppliers within its
market segments.
At the start of 2012, the TTS Group had 1 300 permanent
employees (not including associated companies), with a
primary emphasis on engineering skills. The group has
operative units in 15 countries: Norway, Sweden, Finland,
Germany, China, Poland, the Czech Republic, Greece, USA,
Canada, Brazil, South Korea, Vietnam, Singapore and
Italy.
TTS Group ASA's head office is located in Bergen,
Norway, and is listed on the Oslo Stock Exchange.
Contact:
Johannes D. Neteland, President & CEO Tel.: +47 918
46 906
Arild Apelthun, CFO Tel.: +47 918
19 265
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