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2015-10-07

Bergen Group: Bergen Group Services AS awarded frame agreement from Volvo Penta

Bergen Group Services AS has signed a frame agreement with Volvo Penta and in
cooperation with Volvo Penta Center Bjordal&Madsen AS in Bergen. The frame
agreement comprises sale and service of the whole product range to the
commercial market. The product range includes among others complete
propulsion lines for vessels, marine generators, emergency generators and
other auxiliary systems.

CEO Frode Johansson in Bergen Group Services AS is evaluating the frame
agreement with the international Volvo Penta Group as strategically important
for the company.

"The new and added services to the product portfolio of the Company do give an
expanded market base for service and maintenance on high speed diesel
engines. This is an area of which we over time have worked quite
systematically to strengthen our position as a leading provider to the
Norwegian market", states Frode Johansson.

He does not want to quantify any value of the agreement with Volvo Penta, but
states that the agreement will make the service area of the company within
advanced ship services even more attractive to the Norwegian market. The
company has through many years had a corresponding position as service-dealer
for the MTU-engines.

The most important operational activity within Bergen Group Services is based
on the extensive capacity and competence within ship technical maintenance of
ships and service and repair of diesel engines used in demanding maritime
operations with extra requirements for reliable operations and service
quality.

Bergen Group Services has during the last years managed to complement a robust
and varied customer base in the spot market, with more long term frame
agreements contributing to further developing and strengthening the
competence on complex maritime services of the company. The Company has been
awarded extensive service frame agreements with both The Norwegian Defense
and with the Norwegian Society for Sea Rescue.

Bergen Group Services AS is a fully owned subsidiary of Bergen Group ASA.
Bergen Group Services had in 2014 a turnover of NOK 265 million and operating
profit of NOK 24 million. The Company acquired earlier this year the assets
and activities of Fjell Industries AS and thus secured larger and more modern
production facilities, enabling capacity growth both in relation to volume
and size of the structures to be handled. The takeover has also added further
competence both in width and depth to the company, and thus strengthened the
basis for Bergen Group Services ambitions of further growth within both
existing and new markets.

Contact: CEO Frode Johansson, Bergen Group Services AS, phone +47 970 80 766

Picture attached: CEO Frode Johansson in Bergen Group Services and Helene
Norman-Dupuy, Dealer Business Area Manager for Volvo Penta, are signing the
agreement between the parties.

Signing of the agreement
http://hugin.info/139079/R/1957269/713072.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bergen Group via Globenewswire

HUG#1957269

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