Wilh. Wilhelmsen ASA

WWH: Callenberg Technology Group to be acquired by Trident Maritime Systems

Wilhelmsen Maritime Services AS (WMS), a wholly owned

subsidiary of Wilh. Wilhelmsen Holding ASA, has signed

an agreement whereby technology subsidiary Callenberg

Technology Group (Callenberg) will be acquired by

Trident Maritime Systems (Trident).

"We have in Trident and their principal, J. F. Lehman

& Company, found a strong new owner of Callenberg.

Having a new owner that operates within the same

technology areas creates a perfect environment for

employees, customers and future growth of Callenberg

with Trident," says Dag Schjerven, president and CEO

of WMS.

"Through this natural combination, we will

significantly expand our technical capabilities and

geographic reach," says Tom Eccles, CEO of

Trident. "Combining the rich history and strong

reputation of Callenberg and Trident, will create a

market leader in the provision of marine systems to

the global market."

WMS will receive a net sale price of approximately USD

64 million, of which USD 41 million will be in cash at

closing, and a seller-financing package of USD 23

million. The net profit effect is a loss of USD 12

million.

The transaction is expected to be finalised in the

third quarter. SEB Corporate Finance acted as

financial adviser in the transaction.

For further information:

Dag Schjerven, president and CEO of Wilhelmsen

Maritime Services

Phone: +47 908 37 955 /

Petter Traaholt, CEO of Callenberg Technology Group

Phone: +47 977 31 509 /

Åge S Holm, head of investor relations at Wilhelmsen

Phone: +47 900 87 670 /

Benedicte Teigen Gude, group vice president corporate

communications

Phone: + 47 959 07 951 /

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