Nekkar ASA: Subsidiary awarded offshore crane contract

11 Mar 2025 12:28 CET

11.3.2025 12:28:53 CET | Nekkar ASA | Non-regulatory press releases

11 March 2025 - Nekkar's subsidiary Techano Oceanlift has been awarded a
contract by Sefine Shipyard to deliver an offshore crane to a newbuild
construction support vessel that the Turkish shipyard is building for a
strategic partnership between Agalas, Eidesvik and Reach Subsea.

Techano Oceanlift will supply a 150-tonnes capacity crane capable of performing
subsea construction work and topside lifting operations. The company's scope of
work includes engineering, manufacturing and commissioning of the crane. The
contract value is approximately EUR 7.5 million.

The 150-tonnes capacity knuckle boom crane is equipped with an active heave
compensated (AHC) winch with 3,200 metre wire for subsea construction
operations. The crane also features Nekkar subsidiary Intellilift's control
system and motion compensating system.

"This is an important contract for Techano Oceanlift as it both builds
substantial order backlog and additional track record within the offshore
industry," says Ole Falk Hansen, CEO of Nekkar ASA.

This is the third crane contract that Sefine Shipyard awards Techano Oceanlift.
The company is in the final stages of the first project, which involves delivery
of a 70-tonnes crane to an Agalas vessel. The second project, which is a
150-tonnes crane for a joint Eidesvik Agalas vessel, is also progressing
according to plan.

This latest 150-tonnes crane will be delivered to Sefine Shipyard in Turkey in
2026.

"This project is a repeat order of the previous 150-tonnes crane award from
Sefine Shipyard. This helps to de-risk the project execution. Our objective is
to improve Techano Oceanlift's margins from today's levels," adds Ole Falk
Hansen.

Techano Oceanlift is a specialist supplier of load-handling and lifting
equipment for the renewable, aquaculture, offshore and marine industries.

(ENDS)

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial company builder focused on ocean-based
technology. The company invests in and develops technology businesses within
sustainable oceans, robotics & intelligent logistics and digital solutions. With
a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.

More information:
Access the news on Oslo Bors NewsWeb site