Search results for: tts

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  • 18 April 2012
    Business & Finance, Equipment

    Norway-based TTS Group ASA has entered into an agreement to sell its drilling equipment business, a part of TTS Energy divison, and relevant subsidiaries, to Cameron International Corporation  for USD 270 million, plus a turnover based earn-out model for a three-year period. Offshore Handling (cranes and winces), which is also a part of the TTS […]

  • 23 November 2010
    Business & Finance, Equipment

    TTS Group has entered into a strategic co-operation agreement with the Chinese shipbuilding group, Dalian Shipbuilding Industry Corporation (DSIC) regarding drilling equipment to the offshore industry. TTS will through its Energy Division provide design, marketing, commercialization and delivery of drilling packages to DSIC’s projects. China aims to become a leading supplier to the offshore industry, […]

  • 27 July 2011
    Business & Finance, Equipment

    TTS Group ASA’ subsidiary TTS Energy AS has signed a contract with SWS, Shanghai Waigaoqiao Shipyard China for two Drilling Equipment Packages. The contract has a value of over USD 90 million. The Drilling Equipment Packages will be installed on two new high specification F&G JU2000E Jack-Up Rigs which are scheduled for delivery Q1 2014. […]

  • 10 March 2014
    Business & Finance

    The Board of TTS Group ASA has appointed Björn Andersson as the new CEO of TTS Group with effect from March 10, 2014.

  • 4 December 2014
    Business & Finance, Equipment

    TTS Group’s subsidiary TTS NFM GmbH in Hamburg, Germany has entered into an agreement with South China Marine Machinery, controlled by China State Shipbuilding Corporation (CSSC), to establish a new joint venture company. TTS Group says that this new joint venture company was established for development, designs, assembly, production and services for heavy lift marine and offshore […]

  • 5 November 2013
    Business & Finance

    The Board of TTS Group ASA has entered into an agreement with Johannes D. Neteland regarding termination of his position as CEO of TTS Group ASA effective from today, November 5(th). The Board has decided to constitute Björn Andersson in the position until further notice. The Board of TTS Group ASA will begin the search for a new […]

  • 17 September 2015
    Business & Finance

    TTS Offshore Solutions AS in Bergen, Norway, a subsidiary of TTS Group ASA, has announced redundancies citing current offshore market situation. TTS Offshore Solutions offers a range of lifting equipment for offshore vessels including active heave compensated solutions. Its parent company, TTS Group, said in a filing to the Oslo Stock Exchange on Thursday: “A workforce of […]

  • 5 April 2011
    Business & Finance, Equipment

      TTS Energy AS, subsidiary of TTS Group ASA, has signed contracts with DSIC Offshore in Dalian, China, for two new Drilling Equipment Packages. These contracts are the execution of two, out of three, optional units in relation to similar contracts signed between DSIC Offshore and TTS Energy in November last year. So far, it […]

  • 21 June 2012

    Through its fully owned subsidiary TTS Offshore Handling Equipment AS, Bergen-Norway, TTS Group ASA has been awarded the first of two options. The called option is worth between 65 – 70 MNOK. Reference is made to statement to Oslo Stock Exchange, dated 12 March 2012, regarding the contract signed with Kleven Verft AS. The contract […]

  • 18 April 2012
    Business & Finance

    TTS Group ASA have today entered into an agreement to sell its drilling equipment business, a part of TTS Energy divison, and relevant subsidiaries, to Cameron International Corporation for USD 270 million, plus a turnover based earn-out model for a three-year period. Offshore Handling (cranes and winces), which is also a part of the TTS […]

  • 7 September 2011
    Business & Finance, Equipment

    TTS Energy AS, subsidiary of TTS Group ASA, has signed a Letter of Intent (LoI) with OSX WHP 1 & 2 Leasing B.V, subsidiary of OSX S.A of Brazil, for delivery of two complete wellhead platform drilling units (WPDUs). The companies are aiming to enter a firm contract within short time. The scope of work […]

  • 6 June 2012
    Business & Finance

    TTS Group ASA announced it has finalized its sale of the drilling equipment business to Cameron in an all cash transaction. CEO & President of TTS Group, Johannes D. Neteland said: ” This divestment is an active step by TTS to participate in the on-going further developments of the drilling equipment industry, and is industrially […]

  • 14 January 2014
    Business & Finance, Equipment

    TTS Group ASA has been informed that Sigma Drilling Ltd. has terminated the construction contract for a new, high-specification drillship with STX Offshore & Shipbuilding Co. Ltd. (STX) in Korea. As a consequence of this an ordered lifting equipment package from TTS, with a total value of MNOK 130, also is canceled. TTS Group ASA, […]

  • 15 August 2016

    Austrian crane specialist Palfinger Marine has decided not to complete the planned acquisition of the Norwegian cranes and offshore access systems provider TTS Group.  The pair announced in June this year that Palfinger would offer NOK 5.60 in cash for one TTS share in the event of a positive due diligence outcome. The acquisition was […]

  • 2 January 2014
    Business & Finance

    TTS Group ASA has, through its subsidiary TTS NMF GmbH in Hamburg, Germany,entered into an agreement for delivery of two 85 tonne lattice boom offshore cranes to Azerbaijan, with a total value of NOK 55 million (approx. $8.9 million). This contract again confirms that TTS NMF has gained a foothold in the offshore market. The […]

  • 16 September 2013
    Business & Finance

    TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed a new contract in China with a total value of approx. 72 million NOK (USD 12.2 million). With this contract TTS has further consolidated its leading position within the merging Post Panamax PCTC market. TTS’ technological solutions have greatly increased the efficiency […]

  • 19 September 2011
    Business & Finance

    TTS Group ASA’ subsidiary TTS Energy AS has signed a contract with EDC, Egyptian Drilling Company, for various pipe handling equipment. The contract has a value of USD 4,4 million. The equipment will be installed onboard one of EDC`s Jack Up drilling rig within June 2012. “In accordance with our strategy, upgrades and equipment sales […]

  • 11 December 2014
    Business & Finance

    Norway’s TTS Group ASA has informed that its director Jan Magne Galåen has resigned.  Galåen resigned his position after accepting another one at Carnegie Investment Banking (Corporate Finance) from January 2015. According to TTS, in his new position Galåen is not permitted to hold directorships in listed companies. Galåen has been a member of the Board of TTS Group […]

  • 27 July 2011

    TTS Group ASA’ subsidiary TTS Energy AS has signed a contract with SWS, Shanghai Waigaoqiao Shipyard China for two Drilling Equipment Packages. The contract has a value of over USD 90 million. The Drilling Equipment Packages will be installed on two new high specification F&G JU2000E Jack-Up Rigs which are scheduled for delivery Q1 2014. […]

  • 2 November 2015

    TTS Business Unit Offshore, a part of TTS Group ASA, has decided to implement further temporary workforce reductions with immediate effect, citing current offshore market situation.  Bergen-headquartered TTS Group is a company that designs, develops and supplies equipment for the marine and oil and gas industries. The reductions will be implemented in its subsidiaries in Norway and Poland. […]

  • 19 June 2012

    TTS Marine AS, Bergen has through its subsidiary Company TTS Marine AB in Gothenburg, Sweden entered into two contracts with shipbuilder Hyundai Heavy Industries for delivery of RoRo equipment being doors & ramps totaling a value of  NOK 49 Mln (approx USD 8.2 Mln). Deliveries will take place respectfully in 2012 & 2013. Bergen-headquartered TTS […]

  • 30 September 2013

    TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed a new contract in South Korea worth a total value of approx. 60 MNOK. With this contract TTS has further reinforced its position within the merging Post Panamax PCTC market. TTS’ technological solutions have greatly increased the efficiency of the next generation […]