KVE Holding, an affiliate company of cruise company Hurtigruten, is going to take full control of Norwegian shipyard Kleven by acquiring the remaining 60% shares in the company.
Hurtigruten acquired 40% shares in Kleven in September 2017 after the shipyard was hit by a financial crisis and under this latest deal Kleven Shipyard, Kleven Maritime Contracting and Kleven Maritime Technology will all be sold to Hurtigruten.
Following the acquisition, Hurtigruten will provide up to NOK600m ($75m) financing to Kleven to enhance the yard’s cruise construction capabilities.
“As a responsible owner and responsible customer, it is important for us to find good, and long-term solutions. Kleven has huge potential,” said Daniel Skjeldam, CEO of Hurtigruten.
“This is a very good solution that gives us the courage to focus on building some of the world’s most advanced ships,” said Karsten Sævik, CEO of Kleven.
According to VesselsValue, Kleven currently has four ships under construction made up of two AHTS vessels for Maersk Supply Service and two cruise ships for Hurtigruten.