TTS Group Awarded New Subsea Crane Contract from European Customer

TTS Group Awarded New Subsea Crane Contract from European Customer

TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS in Bergen signed a new contract for delivery of a subsea crane.

Value of the contract is approximately NOK 35 million.

The contract is with a European customer, and concerns delivery of an active heave compensated subsea crane.

The delivery will take place in the second quarter of 2015.

TTS designs, develops and supplies equipment for the marine and offshore industries. TTS has over 40 years of experience in the marine industry. The group has subsidiaries in Norway, Sweden, Finland, Germany, Poland, Italy, Czech Republic, Greece, USA, China, Korea, Vietnam and Singapore.

Press Release, March 25, 2014

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