VTT has during the last 25 years delivered services within engineering, marine operations and inspections to the offshore energy industry and the Royal Norwegian Navy. VCON has a solid staff of management level personnel with experience from the Horten and Kongsberg technology- and maritime clusters. The parties believe in further growth in the offshore oil & gas market, specially within subsea, and intend to carry on the operation under the brand VTT Maritime, which already has a strong standing in this market. In addition VTT also sees many opportunities in the growing offshore wind market, where the company already has several project references.
Gunnar Buvik will take over as CEO of the company from july 1st. Buvik has worked in the company since last autumn and has contributed significantly to the merger process. Buvik has more than 25 years of management experience from maritime industries, oil & gas supplier industry and offshore wind.
Torgeir Å. Evjen, founder and previous CEO of VTT is happy to have joined forces with VCON. ‘They complement us well and speak the same language as us. They share our belief in the market opportunities and they have already demonstrated a strong will to pull this effort together with us in order to achieve healthy growth in an exciting market’ comments Evjen. Evjen will still work for the company and will also be on the board of directors.
Johnny Christiansen from the Visionaire Group has been appointed chairman of the new company. The Visionaire Group also has owner interests in Bergen-based Rada Engineering, and Christiansen can see many possible synergies between Rada and VTT. ‘We are very happy to have accomplished this merger with VTT and we are now taking steps in the Visionaire Group to shift our focus more over to this segment’ comments Christiansen.
Following the transaction Visionaire Invest will own 49% of the shares of VTT, while 51% will be owned by a group from the original VTT company, with Evjen as the majority owner of that group.
For more information about VTT, see our website: www.vtt.no
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