NorSea Acquires Danbor

NorSea Group has acquired the Danish base and logistics company Danbor AS. In addition to enhancing the global presence of NorSea Group, Danbor will significantly boost the company’s capability in the wind power market.

“International expansion is part of NorSea Group’s expressed strategy. Danbor is a solid company which is well-established in our core activity field and fits in well with the rest of the NorSea Group family,” says John Stangeland, CEO of NorSea Group. NorSea Group sees many similarities between the two companies and considerable potential for creating synergies between Danbor and NorSea Group’s other subsidiaries and activities.

NorSea Group is Norway’s leading supplier of base and logistics services to the oil and gas industry. The company also has offices in Aberdeen in Scotland and Perth in Australia. With its acquisition of Danbor, NorSea Group is taking a bold step into the international market. Danbor’s head office is in Esbjerg and its principal operations are on the Danish shelf, where it is a supplier to Mærsk Oil and Dansk Undergrunds Consortium (DUC). Danbor also has operations in Montrose and Aberdeen in Scotland, as well as a base joint venture with Royal Arctic Line in Greenland. The acquisition of Danbor will give NorSea Group a significant presence in Denmark as well as enhancing its presence in the UK. The company is now capable of serving customers throughout the North Sea basin.

“I am convinced that A.P. Møller-Mærsk has found the right purchaser to ensure Danbor’s future growth and enable us to maintain the quality of our operations and the level of service provided by our employees. Our incorporation into the new company will have no immediate effect either on our daily operations or on our existing contractual obligations,” states Søren Fløe Knudsen, CEO of Danbor.

“Danbor is a healthy and well-run company whose operations are peripheral to our strategic focus and which therefore merits a dedicated ownership which will develop its activities. NorSea Group is a recognised operator in the industry and I am sure that it will carry on the company’s operations in the right spirit and with a long-term perspective,” says Jakob Thomasen, a member of the Executive Board of A.P. Møller-Mærsk.

Through the acquisition of Danbor, NorSea Group has gained 370 new employees.

Press Release, April 02, 2014; Image: key-communications