BKS bags NOK 43 million contracts for process industry

20 Dec 2022 09:51 CET

Fosnavåg, 20 December 2022 – BKS Industri AS, a subsidiary of Eqva ASA (OSE:
EQVA) confirms the award of several contracts with a total value of NOK 43
million for deliveries to leading companies in Norway’s process industry.

The contract wins confirm BKS and Eqva’s position as preferred partner for
delivery of industrial services, especially for energy efficient and
environmental impact projects. All contracts will be booked as order intake in
Eqva’s Products, Services and Renewables segment in the fourth quarter 2022,
supporting the expected volume uptick in Q4 2022 and well into 2023.

“We see growing demand for our expertise in projects that are aiming to
modernise and decarbonise energy intensive processes, thereby minimising the
environmental impact. We are proud to be working with some of the most ambitious
and innovative customers in this sector,” says Erik Høyvik, Chief Executive
Officer of Eqva.

The largest of the new contracts has a scope worth NOK 30 million. The delivery
is to a project which has qualified for significant government grants aimed at
improving the environmental characteristics of the industrial process.

The other contracts, which have a combined value of NOK 13 million, include
delivery of technical equipment and systems, and support to annual maintenance
programmes in 2023 at other plants.

BKS is involved in projects for a wide range of industries, including
aquaculture, hydropower and landbased industries such as smelters. Projects are
typically complex and diversified, involving a wide range of engineering,
electrical and piping disciplines, as well as assembly and commissioning work at
customer sites.

Recent milestone deliveries from BKS include delivery of a test facility for a
new innovative hydrogen project and fuel cells and a complex pipe system for a
biotech production plant.

For more information, please contact:
Erik Høyvik, Chief Executive Officer, Eqva: +47 916 83 173
Eirik Sævareid, Chief Financial Officer, Eqva: +47 992 74 637

About Eqva
Eqva ASA is a knowledge-based active owner of industrial service companies that
contribute to the green transition in maritime, power intensive and renewable
industries. The group has a well-diversified product and market portfolio. Its
value creation strategy is based on organic growth in the portfolio companies,
synergies between the companies and through mergers and acquisitions. Key
companies in Eqva are BKS Industri AS, Havyard Leirvik AS and Fossberg Kraft AS,
which are all highly respected and appreciated by their respective customers and
partners.

For more information, please visit www.eqva.no.

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