MA Holding II AS has today entered into an agreement with Norvestor to acquire their shares in Uptime International Holding AS, which in turn owns 100 % of the shares in Uptime International AS.

 Uptime then returns to local owners, as MA Holding II AS is controlled by Jan Johannesen and Arild Frøkedal, who are also owners of Marine Aluminum AS.

AN IMPORTANT MILESTONE
The acquisition marks an important milestone and underlines the owners' long-term commitment to further developing Norwegian-based technology and expertise in offshore and marine solutions.

 Uptime is a leading supplier of "Walk to Work" (W2W) gangway solutions for the offshore wind and oil and gas markets, has about 100 employees and operates from Husøy at Karmøy.

 Uptime had a turnover of 492 MNOK in 2024.

 Jan Johannesen will step into the role as CEO, while Per Bjørn Habbestad will take over the position of Chairman of the board.

 SIGNIFICANTLY STRENGTHENED
In connection with the acquisition, Uptime has been secured a significant injection of new equity and Uptime's balance sheet is thus significantly strengthened.

 We will also carry out an effanciency program with the aim of exploiting synergies with

Marine Aluminum and significantly strengthening Uptime's competitiveness," says newly appointed CEO, Jan Johannesen.