Calexco Increases Majority Interest in NorYards

Bergen Group ASA and Calexco S.a.r.l. have finalised the transaction regarding Bergen Group ASA’s sale of the majority interest in NorYards AS to Calexco S.a.r.l.

The transaction is pursuant to the terms in the revised SPA announced on March 21st 2014.

As from today, NorYards AS is owned 70 % by Calexco S.a.r.l, and 30 % by Bergen Group ASA. NorYards AS consists of NorYards BMV and NorYards Fosen, which is the continuation of Bergen Group’s Shipbuilding division.

“The market outlook for construction of advanced offshore vessels and specialised vessels is evaluated as good. With the new ownership, NorYards will strengthen its position in the shipbuilding industry; from basic design through to completion of advanced offshore vessels for a demanding international market”, said Johannes Neteland, CEO at NorYards AS.

NorYards AS signed their first newbuilding contract valued more than NOK 650 million in April 2014.

The contract was awarded from NFDS 2 Offshore AS for outfitting and commissioning of a new and modern anchor handling tug supply vessels (AHTS). The project will be carried out at NorYards Fosen, generating outfitting activity at the yard from Q3 this year until delivery in Q2 2015.


May 29, 2014


Share this article

Follow World Maritime News

In Depth>


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >