Bergen, 15 November 2023: Scana- owned PSW Technology AS has signed an agreement
for business transfer with Future Energy AS, involving the transfer of specific
assets, rights, and obligations, including the company's approximately 50
employees.
PSW Technology was approved as an electrical installation company on 18 October
2023, and through this agreement, PSW Technology gains additional important
expertise in the field of electrical engineering through skilled workers,
covering both high and low voltage.
The contract value of the agreement is below threshold defined by Scana. The
agreement states that the business transfer will take place during Q4 2023.
"We are pleased to announce the signed agreement, which strengthens PSW
Technology ability to deliver services both onshore and offshore to clients in
the modification market within electrical- and automation. Additionally, PSWs
multidiscipline expertise will be strengthened by electrical and automation
services. This contract including the addition of approximately 50 new
employees, enhances our market position by broadening our service offerings,"
says Richard Cornell, Managing Director of PSW Technology.
(1) A sizeable contract is defined to be between NOK 20 million and NOK 50
million.
(2) A substantial contract is between NOK 50 million and NOK 150 million.
(3) A large contract is over NOK 150 million.
For more information, please contact:
Pål Selvik, Chief Executive Officer, Scana ASA, +47 970 46 502
Richard Cornell, Managing Director, PSW Technology AS, +47 952 31 652
PSW in brief
PSW is a supplier of products, systems and services to energy companies and the
maritime industry. The group's multidisciplinary expertise, state-of-the-art
facilities and strategic partnerships enable us to meet industry requirements
and customer challenges with safe, dependable, and cost-effective solutions.
psw.no
Scana in brief
Scana is a listed industrial owner company in the ocean industries creating
value through active ownership in market-leading portfolio companies. Scana is
headquartered in Bergen and has approximately 450 employees. www.scana.no