Hurtigruten subsidiary, KVE Holding is to acquire Kleven.
Under the terms of the deal, KVE Holding will take 100% of the shares in Kleven Verft AS, Kleven Maritime Contracting AS and Kleven Maritime Technology AS.
The current owners will retain the remaining Kleven companies, including Myklebust Verft AS.
“We see a great potential in Kleven,” Hurtigruten head, Daniel Skjeldam, said.
Kleven underwent a restructuring programme last year. In September 2017, investors led by Hurtigruten put NOK300 mill into the company, which gave Hurtigruten a 40% share in the shipbuilder.
The passenger ferry operator will now acquire the remaining 60% of Kleven shares. Stakeholders are injecting up to an additional NOK600 mill to add more liquidity to the company, due to increased costs associated with several projects, Kleven said.
Hurtigruten has two 15,000 gt hybrid-powered vessels, ‘Roald Amundsen’ and ‘Fridtjof Nansen’, building at Kleven.
Both ships’ deliveries have been delayed by several months.