Syncrolift awarded naval shiplift upgrade contract by an undisclosed navy customer in the Middle East

17 Jun 2026 11:00 CEST

17.6.2026 11:00:51 CEST | Nekkar ASA | Non-regulatory press releases

June 17, 2026 - Nekkar ASA's wholly-owned subsidiary Syncrolift has been awarded
a USD 10.5 million contract with an undisclosed navy customer in the Middle East
for the modernization and upgrade of its shiplift facility. The project will
improve the efficiency, safety and productivity of docking and launching
operations for the customer vessels.

A key part of the upgrade is the rigidification of the existing articulated
platform, which increases the safety and operational robustness of the facility.
The control system will be modernized with features that support faster, safer
and more controlled docking and launching operations.

The delivery also includes Syncrolift's Bilge Support Arms, which reduce the
need for manual blocking and contribute to more efficient vessel handling.
Syncrolift will in addition supply a Propeller Puller for efficient removal of
propellers and rudders during vessel maintenance. Together, these upgrades will
support faster turnaround, improved yard productivity and more reliable naval
maintenance operations.

As part of the project, Syncrolift will provide engineering, equipment,
supervision, testing, commissioning and operator training.

"This award reflects the trust naval customers place in Syncrolift's ability to
modernize and extend the lifetime of existing shiplift facilities," says
Rolf-Atle Tomassen, Managing Director of Syncrolift. "By rigidifying the
platform and upgrading the control system, we are improving both the safety and
the productivity of docking and launching operations."

"The contract confirms Syncrolift's position in the naval market and its role as
a long-term technology partner for modern shipyard operations," says Ole Falk
Hansen, CEO of Nekkar. "Modernization solutions that extend the lifetime and
improve the performance of existing facilities are an increasingly important
part of Syncrolift's business."

(ENDS)

CONTACTS

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

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and 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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