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You are here: Home    Media centre    Stock exchange news    2006
AKER YARDS AND DAMEN PLANS JOINT VENTURE
2.6.2006

Aker Yards and Damen Shipyards Group are planning to establish a joint venture owning the Damen Shipyards Okean yard in Mykolayiv, Ukraine. The plans will contribute to an increased steel- and shipbuilding capacity of Aker Yards.

The Okean yard is able to build a variety of vessels, steel sections for all the three business areas of Aker Yards, as well as the existing Damen range of vessels.
 
Karl Erik Kjelstad, CEO & President of Aker Yards states in a comment: "This planned cooperation meets Aker Yards strategy to increase its steel and shipbuilding capacity."
 
Rene H. Berkvens, CEO of Damen Shipyards Group emphasizes that the product range of Aker Yards matches very well with the capacities of the Okean yard and for that reason this is a very valuable cooperation.
 
For Aker Yards ownership share it will pay EUR 10 million cash at closing. Further payments will be dependent on financial performance of the yard. Other terms and outstanding conditions are to be settled before the transaction is closed. The transaction is subject to approval by relevant governmental authorities and settlement of other outstanding conditions.
 
 
 
 
For further information, please contact
 
Aker Yards ASA
Tore Langballe,
SVP Communications and IR,
Tel. +47 24 130 130
 
Damen Shipyards Group
Jan-Wim Dekker,
Executive Director Corporate Affairs
Tel. +31 183 639 121
 
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels & ferries, merchant vessels, offshore & specialized vessels. Aker Yards comprises 15 yards in Brazil,  Finland , France, Germany, Norway and  Romania. Aker Yards has approximately 16,000 employees.
 
Aker Yards is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 43,000 employees and EUR 7.5 billion revenues. Aker owns 50.4 per cent of Aker Yards, and the group is also a significant participant in the oil & gas business as well as the fisheries industry.
 
 
Damen Shipyards Group (www.damen.nl) is an international shipbuilding group with 32 shipyards and related companies located around the world. The annual turnover amounts to Euro 1 billion with approximately 8,000 employees. Damen Shipyards Group is active in the design and construction of ships and in ship repair. In addition, it provides a broad range of associated maritime services. The product range for newbuildings cover a wide variety of types, including small utility vessels, advanced high-performance tugs, tankers, general cargo and container ships, dredgers and mega yachts.
 
 
 

 
   
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