Bergen Group Rosenberg has today signed a contract for acquisition of the
majority shareholding (60%) in the engineering company Origo Process AS in
Stavanger. Origo Process AS is a well-established supplier of process expertise
to the oil and gas industry, and the acquisition will strengthen both the
engineering capacity and the process competence for the offshore division in
Bergen Group. The acquisition is based on a LOI established in early February
this year.
Origo Process AS supplies process expertise to the oil and gas industry, and
their vision is to be a leading supplier of such expertise in Norway. Currently
Origo Process AS consists mainly of process engineers, supported by
mechanical/piping/layout engineers. With their unique background the employees
in Origo Process have experience that ranges from early phase, static and
dynamic simulations, engineering and operations. Their customer list consists of
various oil companies, such as Statoil, BP, Marathon Oil, Talisman and
ConocoPhillips.
The plan is to develop Origo Process as an independent company and a process
house - with good operational bonds to Bergen Group's strong engineering
department.
- For a long time Bergen Group Rosenberg has worked on developing and increasing
the engineering capacity of the company. The purchase of the majority
shareholding in Origo Process AS is one of the actions that help strengthen our
current growth, says Kristin Færøvik, CEO in Bergen Group Rosenberg and EVP for
Bergen Group Offshore.
Bergen Group Rosenberg is a fully owned subsidiary company of Bergen Group ASA,
and constitutes an important part of the corporation's offshore division. Bergen
Group Rosenberg has currently around 600 employees, including an engineering
environment of about 200 people.
For further information please contact:
Kristin Færøvik, Executive Vice President Bergen Group Offshore and
CEO Bergen Group Rosenberg, phone +47 95763183
Hans Jacob Melhus, General Manager Origo Process AS, phone + 47 48103444
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1596802]