Bergen Group ASA entered into an settlement with the oil service firm Endur Fabricom for a merger between the 2 corporations.
The merged firm will represent a robust industrial group based mostly in western Norway, with near 400 staff and an order e book exceeding NOK 1 billion. The mixed firm can have appreciable presence in each the oil and fuel markets, in maritime service and in the direction of the aquaculture business.
Hans Petter Eikeland, Chairman of the Board at Bergen Group ASA, states that the merger settlement has full assist from the corporate’s fundamental shareholders, representing greater than 62% of the shares within the firm, in addition to the homeowners of Endur Fabricom. Eikeland, who can be nominated because the Chairman of Bergen Group ASA, submit transaction, states that Bergen Group will nonetheless be listed on Oslo Stock Exchange. He is assured that the merger will create a sound foundation for sturdy and worthwhile development within the coming years.
Bergen Group ASA is an industrial group based mostly within the western a part of Norway and a well-established provider of services to the areas of Energy & Industry, Maritime, Defense, Access Technology & Services and Aquaculture. The Group’s corporations are based mostly on intensive experience and lengthy expertise of their enterprise areas. The operational exercise is carried out by the subsidiaries Bergen Group Services AS, Bergen Group AAK AS and Bergen Group Sjosterk AS, with a complete of near 200 staff.
Endur Fabricom is a well-established oil service firm headquartered in Stavanger. The firm has intensive expertise as provider of upkeep, modification, set up, fabrication and rebuilding of complicated oil and fuel installations each onshore and offshore. (Source and picture: Bergen Group/Skjondal yard)

The submit NORWAY: MERGER BETWEEN BERGEN GROUP AND ENDUR FABRICOM appeared first on Energy Global News.

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