Looking for a specific product?

Make a search for products & suppliers, articles & news.

Semcon strengthens its position on the Norwegian market

Semcon is strengthening its presence in Norway by increasing ownership in technology company Kongsberg Devotek AS to 97 per cent. This means that Devotek will be fully integrated into Semcon’s structure, focusing on further market shares on the Norwegian market.

A share issue of NOK 5 million will enable Semcon to increase its ownership to 97 per cent of the shares in the company. Semcon already owned 30 per cent of the shares in the company. This investment is part of Semcon’s strategic expansion on the Norwegian market, where Devotek’s range and delivery model is well suited to Semcon’s structure.

 

NEXT KEY STEP

“This means that we can take the next key step on the Norwegian market. Devotek has specialist expertise in our prioritized areas of technology and a sharp offer in complex product development, which is well suited to Semcon’s global delivery model. Our know-how and processes allow us to create synergies, facilitating the right conditions for greater market shares on the Nordic market,” says Olof Christensson, President business area Engineering Services Nordic.

Devotek provides technical expertise in project form, mainly towards customers in areas like oil and gas, maritime, automotive and industry in general. The company reported sales of NOK 114 million in 2014, has 75 employees and its head office is in Kongsberg, Norway.

 

DEVOTEK AN INTEGRATED PART

“It’s pleasing that we will now be an integrated part of Semcon. This means that we’ll have a strong owner and be able to benefit from Semcon’s global customers and delivery capacity,” says Frode Island Bergan, CEO at Kongsberg Devotek.

Semcon is already active in Norway through the Product Information business area and other activities in Sweden, the UK and India providing services to Norwegian industrial customers. Devotek will provide Semcon with yet another platform, which is seen as a condition for continued expansion on a market with great potential.

Associated companies:


Related news

Latest news

New transformer station for one of the world’s longest subsea power cables

The challenge is to have a system that is easily accessible.

Introducing SAL R1a Easy Tank

Innovation up to speed – Introducing SAL R1a Easy Tank.

Speed logs for 100 years

This is the story of the Consilium speed logs, helping you navigate for more than 100 years.

IAEA Mission says Research Reactor Operator in Norway is Committed to Safety

A team of eight reactor experts from the International Atomic Energy Agency (IAEA) has for one week undergone the safety of the JEEP II research reactor at Kjeller. The expert group concludes that IFE strongly emphasizes s...

New Research Center for Environment-friendly Energy

The new FME center is dedicated to development of materials, components and technology for use of batteries and hydrogen in zero emission transport systems. It will be a special focus on the maritime sector.

The Netherlands re-join the Halden Reactor Project

The Netherlands signed the Halden Agreement on December 1st and will formally become the 20th member country in the Halden Reactor Project (HRP) after the formal acceptance from the Halden Board during their Paris meeting ...

First phase of DNV GL led offshore cable and pipeline operations equipment joint industry project completed

The data analysed during phase 1 has identified and recorded various processes...

The end of the paper chase: DNV GL to roll out electronic certificates across entire fleet

Certificates are published on DNV GL’s customer portal immediately after an onboard survey is completed,

New Integrated Solution Set to Redefine DP Reference Systems

DPS i2 and DPS i4 utilise KONGSBERG's unique motion gyro compass (MGCTM) and motion reference unit (MRUTM) technology.