Norway: TTS Energy AS Signs Subsea Crane Delivery Contract With Kleven Verft

Through its subsidiary TTS Energy AS, TTS Group ASA’s Energy division has signed a contract worth approximately NOK 65 million. The contract is with Kleven Verft AS in Norway and concerns delivery of a subsea crane.

The delivery will take place in May 2013.

This contract includes an option of two identical cranes with respective delivery 2.5 and 5 months after the first delivery.

(1 Norwegian krone = 0.175509 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.

[mappress]

Source: ttsgroup, March 12, 2012