GMTH Holding Takes Over Bergen’s Kimek Companies

Bergen Group has entered into an agreement with GMTH Holding AS regarding the sale of Bergen Group Kimek AS and Bergen Group Kimek Offshore AS for an enterprise value of approximately NOK 65 million.

The transaction is expected to be completed within the end of this year.

GMTH Holding is an investment company that is locally owned in Kirkenes. The CEO of GMTH Holding is Greger Mannsverk, who is also managing director for Bergen Group Kimek and Bergen Group Kimek Offshore.

The sale of the two Kimek companies is part of the structural changes that are being implemented in connection with the group’s plans for more coordinated offshore efforts, based on the industrial area at Hanøytangen, just outside Bergen.

During the past six months, Bergen Group has implemented extensive structural changes that will form the basis for both profitable operations and a strengthened market position. Most of the activities within the Offshore and Service divisions are, as of 1st of January 2014, coordinated into one company under common management and with Hanøytangen as its headquarters.

[mappress]

Press Release, December 10, 2013