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Wilh. Wilhelmsen ASA

M&A Activity Mar 20, 2015

3790_iss_2015-03-20_ea13c27c-6180-4eb3-9ab5-b3d7fe5c24c4.html

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Wilh. Wilhelmsen Holding ASA: WW group enters into unique military response agreement with the Norwegian Armed Forces

Wilh. Wilhelmsen Holding ASA: WW group enters into unique military response agreement with the Norwegian Armed Forces

The WW group has entered into a seven-year strategic

support agreement with the Norwegian Armed Forces,

which includes logistic services to the Norwegian

Home Guard and support to allied forces in Norway

during peace, crisis and war.

The cooperation builds on the long tradition the WW

group has supporting the Norwegian government and

Norway's allies in handling military logistics

dating back to the second world war.

NorSea Group (owned 40% by WW and 28% by Eidesvik

Eiendomsinvest AS and Simon Møkster Eiendom AS

respectively) will be a key contributor under the

agreement. With nine strategically located supply

bases along the Norwegian coast, NorSea Group has

extensive experience in delivering advanced supply

and logistics services.

To make the cooperation as efficient as possible, WW

and NorSea Group have established a joint venture

tailor-made for the Armed Forces' needs. The joint

venture will coordinate all the products and

services the Armed Forces' require ranging from

advanced logistics services, maritime services and

sea transportation needs.

"Our ability to deliver efficient support to our

allies is undoubtedly of high importance as part of

our ability to defend Norway, should such a need

arise. Over the past few decades, we have reduced

our own resources. A cooperation with the Wilh.

Wilhelmsen group and NorSea Group will give us the

competence and resources necessary to maintain a

high level of preparedness, quick reactivity and not

least greater endurance," says Haakon Bruun-Hanssen,

chief of the Norwegian Defence.

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