Nekkar ASA: Subsidiary wins naval upgrade contract
May 28, 2025 – Nekkar ASA’s wholly-owned subsidiary Syncrolift AS has been awarded a contract from the United States government contractor MVL Group to upgrade the shiplifting facilities on the Diego Garcia naval and airbase.
Under the contract, Syncrolift will deliver life extending services to the existing shiplift and transfer system, including upgrades to the control system. Work under the contract will commence immediately and is expected to be finalized through the second half of 2026.
“The award, where we will deliver services to a naval-base in the Indian Ocean from our Dubai and Mumbai locations, highlights our global competitiveness and international presence” says Rolf-Atle Tomassen, managing director of Syncrolift AS.
The total contract value is approximately NOK 30 million.
“The contract award emphasizes Syncrolift’s leading position in the service market for shiplifts. The high standards expected by MVL Group and in turn the United States Navy also serves as a testimony to Syncrolift’s capabilities” says Ole Falk Hansen, CEO of Nekkar ASA.
(ENDS)
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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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About Nekkar ASA
Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value. The group supports empowered operating companies with a strong balance sheet and reinvests strategically to ensure profitability and sustainable growth. As a publicly listed company, Nekkar has a proven track record of shareholder value creation through disciplined M&A, financial management, and capital allocation.
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