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Apply Steelcad AS sold to Havyard

Apply Group, through its subsidiary Apply Sørco AS, has sold Apply Steelcad AS to Havyard Design AS, a company in the Havyard Group. Apply Steelcad AS has 27 employees in Norway and shareholdings in engineering companies in Poland and Croatia.

Apply Group, through its subsidiary Apply Sørco AS, has sold Apply Steelcad AS to Havyard Design AS, a company in the Havyard Group. Apply Steelcad AS has 27 employees in Norway and shareholdings in engineering companies in Poland and Croatia.

-Apply Steelcad is a well-reputed company which has supplied engineering services to ship consultants and shipyards both within and outside Norway for a number of years. The company’s competence is focused on the maritime market, and it is thus distinct from the rest of Apply Group’s activities, says Managing Director of Apply Sørco AS and Chairman of Apply Steelcad AS, Frederik Hvistendahl.

-To fully exploit the value creation potential of Apply Steelcad, a broader integration towards a larger part of the value chain in maritime design and production is necessary. Apply Group supplies projects and related products and services to the oil and gas industry, and does therefore not focus on the maritime sector. Consequently, the Havyard Group will be a better family for Apply Steelcad to belong to, concludes Hvistendahl.

Apply Steelcad has been under Apply Sørco’s ownership since March 2007. After the change of ownership, the company will change its name to Havyard Steelcad AS. Havyard Steelcad will still be based in Stavanger and Erik Kirkemo will continue as Managing Director of the company.