30 Mar 2023 13:33 CEST

Issuer

Scana ASA

Bergen, 30. March 2023: Scana-owned PSW Power & Automation and Trans
Construction (ATC) have secured a new contract for the design, manufacture, and
preassembly of a major e-house module for an Oil & Gas customer. The e-house
module will be a part of an offshore development project on the UK sector. This
is the companies’ fourth e-house contract so far this year.

This is a substantial contract for the company and has a value of more than NOK
50 million. The project will start immediately with delivery Q2 2024

“One of the primary benefits by using e-house modules in offshore development
projects, is their modular design and customizable features. The modules are
preassembled in a controlled environment, transported to the projects site, and
connected to the platform`s power system. The module is designed to withstand
harsh environmental conditions,” says Eirik Sørensen, Managing Director in PSW
Power & Automation.

“We are really starting to see the synergies from the strong developed alliance
between PSW Power & Automation and Trans Construction. After the acquisition of
Trans Construction in February 2022, the companies have established a
substantial order backlog and taken a solid position in a growing market,” says
Oddbjørn Haukøy, interim CEO, Scana ASA


(1) A sizeable contract is defined to be between NOK 10 million and NOK 50
million.
(2) A substantial contract is over NOK 50 million.

For more information, please contact:

Oddbjørn Haukøy, interim CEO, Scana ASA, +47 911 71 914
Eirik Sørensen, Managing Director PSW Power & Automation +47 936 78 233
Anders Sandberg, Managing Director, Trans Construction, +47 976 61 413

PSW Power & Automation in brief
PSW Power & Automation delivers complete solutions within electrification and
renewable energy. The company specializes in the design and integration of
electrical power systems, electrical infrastructure, energy storage systems and
control systems. www.pswpower.no

Trans Construction in brief
Trans Construction AS is a leading EPC contractor providing standardized and
customized E-House modules, for a wide range of offshore and onshore projects.
The company specializes in design and construction of complex E-house solutions
with multidiscipline engineering, fabrication, installation, and testing. The
company is a 100% subsidiary to PSW Power & Automation www.atcno.com/nb/


Scana in brief
Scana is a listed industrial owner company in the ocean industries creating
value through active ownership in market-leading portfolio companies. Our vision
is to accelerate decarbonisation of the maritime and offshore sector by being a
driving force in electrification and emission reduction solutions. Scana’s
portfolio companies have a solid innovation and commercialisation history based
on core competence in selected niches. Scana is headquartered in Bergen and has
around 350 employees. www.scana.no


Source

Scana ASA

Provider

Oslo Børs Newspoint

Company Name

SCANA

ISIN

NO0003053308

Symbol

SCANA

Market

Oslo Børs