Wilh. Wilhelmsen Holding Invest AS (WWHI), a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA (WWH), has signed an agreement to acquire 35.4% of the shares in NorSea Group AS (NSG).
NSG is the leading supplier of base services and integrated logistics systems to the Norwegian oil and gas industry.
Through its fully and partly owned entities NSG operates ten strategically located supply bases along the coast of Norway, including NorSea (Stavanger), Stordbase (Stord), Coast Center Base (Bergen), Vestbase (Kristiansund), Helgelandsbase (Sandnessjøen) and Polarbase (Hammerfest).
“The investment follows our previously announced strategy aiming at exploring new opportunities within the energy-, offshore- and maritime industry, supplementing the activities of Wilh. Wilhelmsen ASA and Wilhelmsen Maritimes Services AS (WMS),” says Thomas Wilhelmsen, group CEO in WWH.