Scana ASA - Scana company awarded sizeable contract

18 Dec 2024 08:39 CET

Bergen, 18 December 2024: Scana owned PSW Power & Automation AS has received a
call-off on the recently signed framework agreement announced in stock exchange
notice 13 December 2024. The delivery includes design, assembly, and testing of
emergency power modules in accordance with the framework agreement. The call-off
is defined as a contract of sizeable value (1) for the company.

The project starts immediately, and delivery will take place in Q2/Q3 2025.

“We are very pleased to start delivering projects on the framework agreement.
This project adds valuable order backlog to the company, and we look forward to
starting the project execution”, says Eirik Sørensen, Managing Director of PSW
Power & Automation AS.


(1) A sizeable contract is defined to be between NOK 25 million and NOK 75
million.
(2) A substantial contract is between NOK 75 million and NOK 150 million.
(3) A large contract is between NOK 150 million and NOK 250 million.
(4) A very large contract is over NOK 250 million.


For more information, please contact:

Pål Selvik, CEO, Scana ASA, +47 970 46 502

Eirik Sørensen, Managing Director, PSW Power & Automation AS, +47 936 78 233


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


Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no

More information:
Access the news on Oslo Bors NewsWeb site