New long-term financial solution ensured for Kleven

Kleven has come to an agreement with Hurtigruten and Kleven’s banks on a financial solution that ensures a satisfying liquidity for Kleven Verft AS’ long-term operations.

“This is a very good solution for us, providing us  the space needed to focus on constructing some of the worlds most advanced ships and to prepare Kleven for future growth. It ensures continued employment at a cornerstone company in Ulsteinvik and an important part of the maritime cluster in Sunnmøre,” says CEO Karsten Sævik in Kleven.

The solution implies that the Hurtigruten-owned company KVE Holding AS takes over one hundred percent of the shares in Kleven Verft AS, Kleven Maritime Contracting AS and Kleven Maritime Technology AS.

The present owners keep the rest of the shares in the Kleven companies, including Myklebust Verft AS.

This new financial solution provides a liquidity supply of up to 600 million NOK, consisting of contributions from owners, costumers and banks.

Myklebust Verft AS will in a transition phase make use of administrative services that Kleven Verft AS historically has exercised for the company. Ongoing projects at Myklebust Verft will still have access to resources from Kleven Maritime Contracting AS and Kleven Maritime Technology AS.