TTS Signs Subsea Crane Delivery Contract with Kleven Verft (Norway)

TTS Group ASA has through its subsidiary signed a contracts with a total value of approximately 40 MNOK (USD 7 million) in Norway.

The contract is through the TTS subsidiary TTS Offshore Handling Equipment AS in Bergen, Norway. The contract is with Kleven Verft AS in Norway and concerns the delivery of an active heave compensated subsea crane on a offshore construction vessel for REM Offshore ASA.

Delivery will take place in December 2013.

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Press Release, November 13, 2012