Callenberg new owners of ABB’s Oslo based HVAC-business

4 December, 2003

The Callenberg Group AB of Sweden has signed an agreement with
ABB AS, Automation Technology Division to acquire its Oslo based
HVAC Marine & Offshore business. The merger will be effective as of December 4, 2003.

Owned 100 per cent by the Swedish private equity group Segulah, the Callenberg Group is the largest independent marine electrical engineering company in Scandinavia. Callenberg serves the international marine and offshore industries from its headquarters in Sweden, and from subsidiaries in Denmark, Singapore and in the US. Following this acquisition, the Callenberg group will have an annual turnover of app. 550 MSEK.

New subsidiary
In connection with the acquisition, a new company, AC Marine AS has been established as a subsidiary of the Callenberg Group AB, Sweden. This company will employ 26 people and will continue the operation from its present location in Oslo and with the same staff and management as today.

Lars Marcusson, CEO, Callenberg Group AB, states, “AC Marine AS will form a new core activity within the Callenberg Group. Strong links do already today exist between Callenberg’s present fields of operation and the HVAC-industry. By combining the two businesses and consolidating vital knowledge we will be able to advance technical development of HVAC-systems onboard ships and offshore installation”.

“By combining the worldwide presence of the two organizations the capability to deal with new projects and after sales service on a global basis will be greatly enhanced”, states Ivar Rogneflaten, Managing Director of AC Marine AS.

“We are keen to emphasise that it is business as usual for all Callenberg and AC Marine’s customers,” concludes Lars Marcusson.

For further information, please contact:

Lars Marcusson
Callenberg Group AB
P.O. Box 754
SE-451 26 Uddevalla, Sweden
Tel.: +46 (0) 522 68 68 00
Fax: +46 (0) 522 68 68 30


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