Coast Center Base (CCB) buys Mongstadbase AS

(23 February 2015) Coast Center Base has signed a letter of intent with Mongstadbase AS to acquire 100% of the shares in the operating company.

January 7 this year Statoil awarded NorSea Group AS the contract for base and terminal operations at Mongstad starting 1 July 2015. Coast Center Base AS (CCB), which is 50% owned by NorSea Group AS, will be the executing party for the contract at Mongstad.

CCB and Mongstadbase has now signed a letter of intent based on the parties finalizing negotiations on a transaction where CCB acquires 100% stake in Mongstadbase AS, in the course of spring 2015. Managing Director at Coast Center Base AS, Kurt R. Andreassen strongly believes that the acquisition of the company will create a basis for optimal resource utilization both at Mongstad and Ågotnes.

-After the award of the contract at Mongstad it was natural for us to enter into dialogue with Mongstadbase. The goal was to achieve a coordinated solution where we take the best out of our two companies’ expertise and long experience. When conditions change, it makes sense to invest in innovation. Finding new ways to collaborate is precisely about this. By combining the expertise and capacity of the two companies, CCB and Mongstadbase will handle the increasing volume and development of our base concepts based on quality and efficiency. With the positive attitude we have encountered in the process so far, we have great faith that we will achieve development and growth in the future, says the director.

General Manager of Mongstadbase, Ragnhild T. Langøy is very pleased to announce this acquisition.

-Through conversations over the last weeks, it has become clear that there is a good basis for collaborating with CCB going forward and thereby draw on the expertise and experience of both organizations. We are very pleased that we have now agreed on a takeover of Mongstadbase AS. We still need to look at adaptations of organization and staff, but this gives us a better basis to make good choices in this process concludes Langøy.

Mongstadbase_oktober 2013

Mongstad base Oktober 2013

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