Bergen,5 January 2024 : Scana-owned PSW Technology has signed a contract to perform property management, operations, and maintenance of a larger real estate portfolio at Mongstad, Ågotnes, andBergen Nord . The contract will be placed in a subsidiary of PSW Technology. The purpose of this new company is to manage, operate, and maintain strategically important properties associated with coastal bases along the Norwegian coastline. The contract is of large (3) value for the company and has a duration of 10 years, with a mutual notice period of one year. The contract is scheduled to commence from Q1 2024. "This contract enables PSW Technology to further develop and expand its portfolio with long-term agreements and optimize the utilization of its capacity. It also gives a crucial foothold and a strategically important position along the Norwegian coast," saysRichard Cornell , Managing Director in PSW Technology. "We are very pleased to sign a contract contributing to an increased order backlog and providing stable revenues over time," saysPål Selvik , CEO in Scana. (1) A sizeable contract is defined to be betweenNOK 20 million andNOK 50 million . (2) A substantial contract is betweenNOK 50 million andNOK 150 million . (3) A large contract is overNOK 150 million . For more information, please contact:Pål Selvik , Chief Executive Officer,Scana ASA , +47 970 46 502Richard Cornell , Managing Director, PSW Technology AS, +47 952 31 652 PSW in brief PSW is a supplier of products, systems and services to energy companies and the maritime industry. The company's multidisciplinary expertise, state-of-the-art facilities and strategic partnerships enables the company to meet industry requirements and customer challenges with safe, dependable, and cost-effective solutions. psw.no Scana in brief Scana is a listed industrial owner company in the ocean industries creating value through active ownership in market-leading portfolio companies. Scana is headquartered in Bergen and has around 500 employees. www.scana.no
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