OFFSHORE and maritime industry products supplier Bergen Group will sell the operations of its Hanøytangen rig service facility to Danish company Semco Maritime.
The real estate of the industrial area, located near the Norwegian town of Bergen, have been sold to Hellik Teigen, Bergen Group said in an announcement.
Bergen Group chairman Magnus Stangeland said the company board had concluded the separate sale of both the real estate and the operating assets as the best alternative available to the company.
“An increased international competition is expected, and this calls for a substantial and flexible project capacity as well as future investments in developing the yard,” he said.
“We also see an exciting potential in a future cooperation between Bergen Group and the new owners at Hanøytangen, based on Bergen Group Services and their strong position within industrial and maritime service”, Mr Stangeland said.
Semco Maritime chief executive Steen Brødbæk said the Hanøytangen facilities were a perfect match to the group’s existing facilities in Esbjerg and Invergordon.
“Hanøytangen completes our set up in the North Sea triangle, thus enabling us to provide a very strong proposition to our clients with one of the largest and strongest rig upgrades and service facilities in Europe,” he said.
Hellik Teigen chief executive Ring Tore Teigen said his company was pleased to expand its land ownership in the area – with the group already owning neighbouring company Norscrap West.
“We look forward to welcoming such a strong and reputable player as Semco Maritime on a permanent basis to Hanøytangen, and are certain that they will succeed in realizing the full market potential of the facilities,” Mr Teigen said.
Bergen Group said funds made from the sale would enable it to channel more funds into its services segment, consisting of Bergen Group Services and Bergen Group Skarveland.
The proceeds from the transaction will be used to repay debt and to strengthen the group’s liquidity position, the company said.