Nekkar ASA: Subsidiary awarded offshore crane contract

22 Apr 2025 09:34 CEST

22.4.2025 09:34:40 CEST | Nekkar ASA | Non-regulatory press releases

22 April 2025 - Nekkar's subsidiary Techano Oceanlift has been awarded a
contract by Hercules Supply AS to deliver an offshore crane for their newbuild
Multi-Purpose Supply Vessel (MPSV) currently under construction at Fujian Mawei
Shipyard.

Techano Oceanlift will supply a 70-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 70-tonnes capacity knuckle boom crane is equipped with an active heave
compensated (AHC) winch with 3,000 metre wire for subsea construction
operations. The crane also features Nekkar subsidiary Intellilift's control
system and motion compensating system.

In addition, the crane will be equipped with a unique detachable 3D compensated
lifting tool, Safelift. This tool greatly enhances topside lifts and increase
safety during lifting operations from vessel to topside installations during
adverse weather conditions.

"We are pleased to see Techano Oceanlift secure yet another contract, and with a
completely new customer" says Ole Falk Hansen, CEO of Nekkar ASA.

The 70-tonnes crane will be delivered July 2026 and installed at Techanos'
third-party facility in Europe.

"This crane will be an important feature in enabling the needed flexibility to
perform tasks within different offshore segments such as conventional platform
supply service, light construction work and renewables" says Øystein Bondevik,
Business Development Director in Techano Oceanlift.

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.

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