M&A Activity • Mar 20, 2015
M&A Activity
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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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