Norwegian ship technology group Eqva, formerly known as Havyard, has entered into an agreement to divest its Havyard Leirvik yard in Norway.
Eqva said that the divestment reaffirms the company’s strategic direction to become an industrial investment company.
Eqva ASA is selling its shares (100%) in the Havyard Leirvik yard, and its two subsidiaries Havyard Leirvik AS and Havyard Leirvik Eiendom AS, to Turkish shipbuilder Tersan Shipyard for NOK 30m ($2.7m) in net cash.
Apart from Havyard Leirvik, Eqva currently owns BKS, a system supplier for maritime, offshore and land-based industries, as well as Norwegian small hydropower developer Fossberg Kraft and 50% of the Havila Charisma PSV.
“The sale of Havyard Leirvik will free up important resources, both human and financial, enabling a concentrated focus on further development of Eqva’s current industrial portfolio, and looking for new investment opportunities,” said Even Matre Ellingsen, chair of the board of Eqva.
Tersan Shipyard is fully private owned, and the Shipyard is belonging to Tersan group. Tersan Shipyard; operating in two facilities which located in Tuzla/Istanbul and Yalova, has been settled on an area of about 320.000 m². The shipyard’s main ship building and repair activities are structured in Yalova premises in which an average of 5.000 of dedicated employees are working.
Tersan Shipyard is specialized in building technologically advanced offshore, fishing, passenger and other types of vessels for worldwide customers. Tersan is a diversified shipbuilder whom has gained considerable experience in building of LNG and battery operated vessels besides number of value-added niche new-built ships of many types and sizes.