Through its subsidiary TTS Marine GmbH in Bremen, TTS Group ASA has signed a contract worth approximately 92,5 MNOK. The contract with a Germany shipyard concerns delivery of equipment for a yacht under contruction.
The delivery will take place 2012-2014.
(92,5 million Norwegian kroner = 15,57663 million U.S. dollars)
Bergen-headquartered TTS is a global enterprise that designs, develops and supplies equipment for the marine and oil and gas industries. The operations are split into three separate divisions: Marine, Energy and Port and Logistics.
TTS is one of the top three largest suppliers in its specialised market segments.
With a worldwide workforce of around 1100, TTS has over 40 years of experience in the marine industry. The group has subsidiaries in Norway, Sweden, Germany, USA, China, Finland, Korea, Czech Republic, Vietnam, Canada, Singapore, Italy, Greece and Brazil.
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Shipbuilding Tribune Staff, December 21, 2011;