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Aalborg Strengthens O&G Position

Maritime Activity Reports, Inc.

May 25, 2006

Aalborg Industries signed a binding agreement to acquire the Australian company Gosfern Pty Ltd. Gosfern's core competence lies within combustion technology and related control and safety systems. The company has, over the past decade, developed a strong position as supplier to special vessels for the exploration, production and preprocessing of oil (FPS) and has a considerable market share globally. With the acquisition of Gosfern, Aalborg Industries becomes a supplier of complete boiler plants with related combustion equipment, automation and safety systems to the maritime oil and gas sector.

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