OneCo takes over Cargotec's production operations in Kr.sand

"Cargotec currently has a production facility for assembling our equipment that is not adapted to our needs. We have therefore been working for some time to find a solution where we can still have a significant part of the production in Kristiansand and thus get the desired proximity to production. We are therefore very pleased that we have now agreed on an agreement with OneCo. We are convinced that this will be a good solution for both us and those who currently work in the part of our organisation that will be affected by this. OneCo will be able to add a lot of positives to the operation that will strengthen the activity and thus secure the jobs and their development in a better way than Cargotec will be able to. At the same time, Cargotec will be able to concentrate on its core activities of development, engineering and sales," says Tom Harald Svennevig of Cargotec Norway.

The agreement between OneCo and Cargotec means that OneCo takes over employees, equipment, premises and ongoing assignments. The lease agreement for the shipyard area is also transferred to OneCo.

"For OneCo, the acquisition of Cargotec's production is an important step in the fulfilment of our strategy and investment in offshore/marine. The agreement will strengthen our position and give us access to expertise, capacity and locations that we have long been looking for. The production, together with the expertise of our alliance partners, will strengthen our position as a highly competitive supplier to our customers, who will mainly be rig and ship owners as well as equipment suppliers," says Marvin Jensen, CEO of OneCo.
To ensure a high level of focus on the operation and development of the activity that is now being transferred to OneCo, it will be included in a separate company, OneCo Offshore Services AS. The company's CEO will be Johnny Drange. He has extensive experience in this business area.

Earlier this year, OneCo acquired Keppel's Norwegian business, Keppel Norway AS in Sandnes. From operating with negative figures in recent years - the financial results have now turned into good deliveries for this company. The company now operates under the name OneCo Contracting.

"The location in Kristiansand, together with the locations in Sandnes, will ensure that within Offshore and Marine, we have significant production capacity and expertise to handle large and complex deliveries - where several technical disciplines are represented," Jensen concludes.

The shipyard area has a full range of facilities and is geographically well located among the offshore industry in Southern Norway

About OneCo
OneCo is an industrial group with core activities in oil & gas, infrastructure, industry, renewable energy and construction. One of our strengths is also to deliver system-integrated solutions where we ensure that different trades and products are put together and work as intended. OneCo currently has around 600 employees, an annual turnover of around NOK 1 billion and has locations in Kristiansand, Grimstad, Sandnes, Bergen, Trondheim, Oslo, Drammen and Billund in Denmark.

Facts about the area
- Located at Andøya in Kristiansand

- Good harbour conditions and short distance to airport (KRS) and ferry port

- ISPS approved international harbour

- Lifting capacity, 600 tonnes at the mammoth crane (2 x 90 tonnes on 2 quay cranes)

- Landside test foundations with a capacity of over 2 x 9000 tonnes/metre

- Docking capacity (185 x 35 metres) for shipping by barge or ship

- Indoor assembly halls with large crane capacity

CONTACT PERSON
Marvin Jensen
Managing Director
OneCo AS
Mobile phone: 974 87 362