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Bergen Group awarded contract for Frigate Maintenance

Bergen Group BMV has been awarded a contract with the Norwegian Armed Forces' logistics organization for the ship technical maintenance of the Navy's frigate class for the next two years. The contract includes an option for one-year extension for further three years. For the first two years, the contract has an estimated value of NOK 150-200 million.

The project involves planning, coordination and implementation of scheduled maintenance, corrective maintenance and other additional work on the Navy's five frigates. The work will mainly be conducted on the Navy's main naval base at Haakonsvern just outside Bergen.

 

The new frigates are highly complex vessels, and the implementation of such a project requires great demands on expertise, quality and documentation.

 

"This contract represents a new and important milestone in the Bergen Group's long-term strategy to develop the Group's expertise and capacity related to complex maritime projects. The Navy is a demanding customer who challenges us constructively on these areas", says CEO Terje Arnesen in Bergen Group.

 

Bergen Group's cooperation with the Norwegian Armed Forces has a history going back to 2002 when the yard took over the traditions of many years of collaboration between the Norwegian Armed Forces, BMV Laksevåg and the former yard Mjellem & Karlsen. In November 2010, Bergen Group was awarded the contract with the Norwegian Armed Forces' logistics organization on maritime technical major overhaul of the F-310 frigate KNM Fridtjof Nansen. This project was completed in 2011. The new contract will mainly involve the same type of work on the other vessels of the frigate class.

 

Bergen Group is an innovative supplier of products, services and solutions to the offshore and maritime industry. The group has 1,600 skilled and motivated employees associated with well-established companies strategically located in key areas along the coast of Norway. Bergen Group BMV, which is a wholly owned subsidiary of Bergen Group ASA, is located in Laksevåg in Bergen. The company has approximately 200 employees.

 

For further information:

CEO Bergen Group, Mr. Terje Arnesen, tel +47 906 89 130

CEO Bergen Group BMV, Mr. Terje Sjumarken, tel +47 957 37 239

Project Manager Bergen Group BMV, Mr. Roger Toftegaard, tel. +47 957 37 246

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: 

(i) the releases contained herein are protected by copyright and other applicable laws; and 

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein. 

 

Source: Bergen Group via Thomson Reuters ONE [HUG#1617696]

Associated companies:


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