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    Havyard Group listed on Oslo Børs

    Company News // July 4, 2014

    Havyard Group in Norway is now listed on the Oslo Børs. The majority owner of the group, Havila Holding, announced a plan for an IPO for Havyard group in February, a process that has now been completed.

    Per Sævik, CEO of family-owned Havila Holding, said: “Our family has broad interests in the offshore supply industry. In light of this, and because we see that we need to optimise the conditions for continued growth for Havyard group… we chose to reduce our ownership in the company. Havyard has significant potential for growth, but the further development of the company requires more than we as a family company have the possibility to contribute.”

    Mr Sævik said the family’s decision did not constitute a loss of faith in Havyard group, quite the opposite.

    Following the IPO and listing Havila Holding has approximately 63.5 per cent of the shares in Havyard Group ASA.

    Havyard group’s President and CEO, Geir Johan Bakke, said: “In Havyard we have always had a long term perspective and focused on building a competitive international ship technology group.

    "Havila Holding has been a great owner that has supported and enabled us to develop from a local, Norwegian shipyard to an international brand supplying ship equipment, ship design and shipbuilding. As majority owner they will continue to influence us, but we have also got many new stakeholders to relate to.”

    Havyard Group has elected Bård Mikkelsen as chairman of the board. Mr Mikkelsen has extensive experience as a CEO and board chairman/board member at several companies including Statkraft, Widerøe and Ulstein Group.

    He was also chairman of the board at Cermac and a board member of the German power giant E.On.


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