Refinancing of Halvorsen TEC

Our owners – BWE support a significantly higher level of activity

Blue Water Energy (BWE) has entered into an agreement with Sandnes Sparebank on the purchase of shares in Halvorsen TEC, as well as further financing of the company.

– We, as owners, are very pleased with the order intake Halvorsen TEC had for the past 9 months, which means that the company has secured a solid level of activity for the next two years. Our task, as owner, is to ensure that the company provides necessary working capital and other funding to support a significantly higher level of activity than in the previous year.

Through the agreement with Sandnes Sparebank, Halvorsen TEC becomes a debt-free company with financial solidity, which gives the company the best prerequisites for completing signed contracts and positioning itself for further growth in the time that comes, says Arne Aune, Chairman of Halvorsen TEC.

Following completion of the transaction, the shares in Halvorsen TEC are owned by Halvorsen S.a.r.l., which is the top company in the Halvorsen structure and directly owned by BWE.


Contact information

Svein Helge Pettersen
Managing Director
Tel.: 952 37 990

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