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Herkules News

15 Dec 2021

Scana Merges with PSW Group

(Photo: PSW Group)

Norwegian equipment and service supplier Scana ASA said it is merging with Bergen-based PSW Group, a player in electrification and shore power as well as a major supplier of products and services to the offshore and maritime industries. Together, the Norwegian companies aim to create a leading global service provider for maritime's green shift.“The entire maritime industry is in transition to more sustainable operations. Our goal is to create a partner for this green shift, both in shipping…

07 Jun 2019

Vessel Strikes Statfjord A, Staff Evacuated

Statfjord A (Photo: IKM/Equinor)

Oil workers have been evacuated from the Statfjord A platform in the North Sea after it was struck by a platform supply vessel (PSV), Norwegian oil and gas company Equinor said on Friday.The platform was not producing when it was struck by the support vessel Sjøborg during loading operations at 1:55 a.m., and there were no injuries to the 276 people on the platform, Equinor said.The Statfjord A platform has been shut since the end of May for maintenance expected to last through July…

13 May 2019

Oakley Buys Two Maritime e-Learning Biz

Oakley Capital Investments Ltd has acquired majority stakes in two maritime e-learning providers from Norwegian private equity firm Herkules Private Equity Fund IV and US satellite company KVH Industries.Oakley, the private equity investment company contributed GBP25 million, through its Oakley Capital IV fund to buy the stakes in SG MidCo AS, also known as Seagull, and Videotel Marine Asia Ltd and Super Dragon Ltd, collectively known as Videotel.Over the past 40 years, Videotel and Seagull have established themselves as the best-in-class providers of e-learning to the maritime sector globally. Every year they each provide over 10,000 ships and installations with comprehensive and up-to-date compliance…

13 Feb 2017

Statoil Awards ERRV Contracts

Statoil awards Simon Møkster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil’s area-wide emergency response on the Norwegian continental shelf (NCS). The emergency response vessels play an important role in addressing government authorities’ and the company’s own requirements for rescue, hospital, fire-fighting, emergency towing and oil spill preparedness. “Statoil has an extensive emergency preparedness system on the NCS, and through the contracts we have secured four vessels that are tailored to our waters.

30 Jun 2016

PALFINGER Finalizes Harding Acquisition

Morten Blix (Herkules) shaking hands with Herbert Ortner (CEO,Palfinger) and Styrk Bekkenes (CEO, Harding Safety) in the background (Photo: Harding Group)

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving equipment and lifecycle services for maritime installations and ships. The PALFINGER Group’s new member will be reported on as a fully consolidated company starting from the second quarter of 2016. As a consequence of the acquisition – the largest in the history of the PALFINGER Group – PALFINGER expands its marine business by adding new products and a global service network.

15 Jun 2016

Retractable Flanking Rudders for Imperial’s Push Boats

Photo: Damen

Imperial Shipping has chosen Van der Velden Marine Systems retractable flanking rudder systems for its push boats. The retractable flanking rudder system is an in-house innovation of Van der Velden Marine Systems (VDVMS). The system brings new efficiency to the inland shipping industry and will first be used in Paraguay. At the request of Dutch shipbuilder Damen, VDVMS developed the system and had it tested independently by the Development Centre for Ship Technology and Transport Systems (DST) in Duisburg (DE). Flanking rudders are often used for inland river tow boats.

31 May 2016

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is one of the leading suppliers of lifesaving equipment and lifecycle services for maritime installations and ships. Through this acquisition, PALFINGER will add new products and an international service network to its marine business. The final closing of this acquisition of Harding by PALFINGER is contingent on the approval of the authorities. Both parties have agreed not to disclose the purchase price. Styrk Bekkenes, CEO of Harding, is very enthusiastic about the acquisition. “PALFINGER is a perfect match for Harding.

24 May 2016

Maritime Consolidation: Palfinger Aims to Acquire Harding

Palfinger's potential acquisition of Harding will help it be less dependent on the whims of the offshore energy markets. (Photo: Palfinger Marine)

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire 100% of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is a leading suppliers of lifesaving equipment and lifecycle services for maritime installations and ships. Through this acquisition, PALFINGER will add new products and an international service network to its marine business.

16 Nov 2015

Norautron Group AS acquires Hatteland Display AS

 "We are excited about becoming a part of the Norautron Group," said Trond K. Johannessen, President & CEO of Hatteland Display

Norautron Group has entered into an agreement to acquire 100% of Hatteland Display from Herkules Capital. Hatteland Display's history dates back to 1989, and the company is now a leading designer and manufacturer of high-end rugged displays, panel computers, and computers for all segments of the professional marine industry. The company has established strong relationships with major systems integrators through a growth strategy based on technological leadership and innovation. Norautron Group is a leading technology company with a global footprint.

30 Oct 2013

Paint Gun Washers Maintenance Kit

Herkules Equipment new Paint Gun Washer Maintenance Kit was developed in response to many Herkules customers who have had their Paint Gun Washer for decades and have a need for replacing small components or updating their old Herkules Paint Gun Washer. The Kit is equipped with the most common components needed for tuning-up Herkules Paint Gun Washers that have been in the market up to 30 years. It also includes parts that can modify a Herkules Paint Gun Washer from a two gun/two cup washer to a four-gun washer, now that many shops are using disposable cup systems.

10 Jul 2013

Styrk Bekkenes Named CEO of Harding

Styrk Bekkenes

Since new owners took over Schat-Harding and Noreq in June, Styrk Bekkenes, chief executive of Noreq, has been appointed CEO of Harding – a new large joint company for the development and production of life-saving equipment. Harding will have more than 900 employees in 30 different locations worldwide. Its head office will be at Seimsfoss in Kvinnherad. The new owners, spearheaded by the investment fund Herkules, wish to further develop the best life-saving equipment from Schat-Harding and Noreq.

11 Jun 2013

Herkules Acquires Umoe Schat-Harding and Noreq

Photo: Noreq

On Monday, June 10, Herkules signed an agreement to acquire Umoe Schat-Harding AS. The acquisition is being carried out in cooperation with the owners of Noreq AS, who, in parallel, are selling Noreq to Herkules and reinvesting a substantial amount in a new, joint holding company. The transactions are expected to be finalized the first half of July. The intention with the acquisition is to build on Schat-Harding's and Noreq's strong market positions in the new combined company. For 2013 the companies expect total revenues of approximately NOK 1.2 billion.