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Rapp Marine Group confirms its strong market position and delivers solid numbers

November 2017: Bodø-based Rapp Marine Group, owned by the private equity company Nord Kapitalforvaltning, again confirms its strong market position. Rapp Marine Group has been selected by Gulf Island Shipyard, LLC, as the Overboard Handling System Single Source Vendor for Oregon State University’s multi-mission Regional Class Research Vessel, with the option of two additional vessels.
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Rapp Bomek AS and Statoil have entered a frame agreement for the delivery of fire doors to Johan Castberg

September 2017: Once again Statoil trusts Rapp Bomek AS as a supplier and enters a framework agreement with an estimated value of 27.2 million. The fire doors will be manufactured at Rapp Bomeks factory in Bodø. Historically, the global oil and gas market has been Rapp Bomek's core market, and with this contract, the company consolidates its position in this market.
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Rapp Bomek AS continues to strenghten its position in new markets and will provide security doors to the new National Museum

September 2017: Rapp Bomek, a market leader in fire and safety doors primarily for the oil and gas industry, last year took strategic steps towards entering new markets to diversify and ensure further growth. As one of several outcomes of this, we are pleased to announce that Rapp Bomek has secured a significant contract with AF Gruppen for the delivery of security doors to the new National Museum. Previously, the company also won a contract to provide security doors to the new Munch Museum.
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First exit for Nord II: Hepro Group – a leading player within welfare technology and aid equipment, is sold to the Swedish company AddLife

February 2017. Nord II has signed an agreement with the listed Swedish company AddLife regarding a sale of all shares in the three companies in the Hepro Group; Hepro AS, Mektron AS and Hepro Sverige AB. Hepro Group develops, designs and markets welfare technology and aid equipment which aims to ensure that elderly people will be able to live safely in their own homes longer.
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Rapp Bomek wins major contract for delivery of security doors to the new Munch Museum

January 2017. Rapp Bomek, along with MilSec Norway AS, have been awarded the contract for delivery of fire/security doors for the new Munch Museum in Oslo with a total value of approximately 40 million. The contract was won against international competition.

- We have worked long and hard with a revised strategy for Rapp Bomek, where focus on new markets are central. This clearly shows that products and technology expertise that has been developed for the oil and gas market can be developed to have relevanse in completely different markets. It's interesting and promising, and it helps to ensure both diversification and growth opportunities, says the company's Chairman of the Board, Bjørn Hesthamar.
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Nord Kapitalforvaltning makes changes to the management and investment team

Effective from February 1, Kurt Jan Jensen and Fredrik Borch has resigned from the investment team in Nord Kapitalforvaltning. From the same date Bjørn Hesthamar took over as managing partner, and Anders Høifødt was appointed as a new partner in the company.

The changes are implemented as an orderly and planned process over time, as a result of the closing of the Nord I fund, and that the company's current fund, Nord II, is approaching the end of its investment phase.

For any questions, please contact managing partner Bjørn Hesthamar.
 

Rapp Bomek is taking strategic measures and buys Mil Sec

January 2017: Rapp Bomek has significantly strengthened its presence in the market for security solutions for energy, civil and defence markets worldwide, by acquiring the Oslo-based company Mil Sec Norge AS.

The acquisition will enable Rapp Bomek to become a fully integrated supplier of high end security solutions for major construction projects, infrastructure and defence.

Rapp Bomek will acquire all the shares in Mil Sec and will now offer a complete range of advanced door, window and wall safety solutions for global energy, civil and defence markets. Combined with the latest state of the art production facilities they will now be able to deliver turnkey solutions on EPCIC basis.
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Rapp Marine Group awarded several new contracts

September 2016: Bodø-based Rapp Marine Group, owned by the private equity company Nord Kapitalforvaltning, confirms its strong market position through a number of new contracts in recent months. In a demanding market, the company is in the process of building an all-time high order book.
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Rapp Bomek signs frame agreement with Statoil for after sales and service on fire doors

January 2016: The Bodø based company Rapp Bomek AS, owned by the PE-company Nord Kapitalforvaltning AS, has signed a frame agreement with Statoil for supply of spare parts, replacement doors and all services related to Rapp Bomek fire doors on all onshore and offshore plants.
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Rapp Marine wins two new contracts in China

December 2015: China opts for Rapp Marine: Rapp Marine has been chosen as the supplier of advanced equipment packages for two new oceanographic research vessels for the Guangzhou Marine Geological Survey, GMGS, and Polar Research Institute of China, PRIC.

"The contracts were awarded in a highly competitive market against strong international competition. The choice fell on Rapp Marine since we can offer the best technological solutions, we have extensive experience with these types of deliveries, and because we were able to offer competitive terms", explains CEO Mr Helge Vatnehol.
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Hepro wins a new tender contract with the Norwegian Labour and Welfare Administration

July 2015: Hepro, backed by the PE-company Nord Kapitalforvaltning, recently reinforced their market position by winning a new frame agreement on bed tables with the Norwegian Labour and Welfare Administration (NAV). NAV particularly emphasized Hepro’s product quality and ease of use when they awarded the contract.
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Rapp Bomek signs frame agreement with Statoil for the delivery of fire doors to Johan Sverdrup

June 2015: The Bodø based company Rapp Bomek AS, backed by the PE-company Nord Kapitalforvaltning, has signed a frame agreement with Statoil for the delivery of external and internal fire doors to the Johan Sverdrup project. This is one of the largest contracts in the company's history. In addition, there is an option in the contract for deliveries to: Johan Sverdrup phase II, Johan Castberg, Snorre 2040 and Peregrino.
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New CEO in Bomek AS

June 2015: After a broad recruitment process, Terje Bøe has been appointed new CEO in Bomek AS, the parent company of Rapp Bomek and Rapp Pyrotec. The decision to offer him the post was made by the Board a while back, and he had his first day 15 June.
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Otto Candies LLC and Rapp Marine agree on terms for 150 ton AHC subsea crane

May 2015: Rapp Marine recently agreed on terms with Otto Candies LLC to deliver a 150 ton AHC crane for one of their vessels. Currently, Rapp Marine has delivered around 450 cranes, however, this is the largest crane Rapp Marine has engineered and built to date. Rapp Marine CEO Helge Vatnehol says “We’re excited for the new challenge presented to us by Otto Candies LLC. Our extensive track record in engineering, manufacturing, and servicing heavy lift deck machinery is now taken a step further, and is in accordance with our strategy of taking a competitive position within load handling systems for the offshore vessel market”.
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Nord I sells its share in Saltdalsbygg AS (FKA. Hyttekonsepter) – new owner enters the company

May 2015: Saltsdalsbygg AS is the leading Norwegian producer of cabins, and offers the full range of solutions from self-assembly to turnkey. Last year the company also developed an offer for the residential housing market and acquired construction companies to take a part in the whole value chain. Production of both cabins and houses takes place in the country’s most modern manufacturing facility at Rusånes in Saltdal.
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Goliat is sailing northward with over 150 fire doors produced by Rapp Bomek

April 2015: The Goliat platform is on its way to Hammerfest from South Korea on board the worlds biggest heavy cargo vessel, Dockwise Vanguard. The platform is weighing 64 000 tons, is 107 meters in diameter, 75 meters tall and is designed to withstand a ten thousand year storm in the Barents Sea. Rapp Bomek, which is the worlds leading supplier of advanced fire doors for the oil and gas industry, has delivered over 150 heavy and medium duty fire doors for the floating platform. This is one of the many big deliveries from Rapp Bomek. The doors are designed and produced in Bodø, and installed at the yard in South Korea.
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Nord I successfully exits its investment in Barents NaturGass AS

January 2015: Nord Kapitalforvaltning is pleased to announce the sale of Barents NaturGass AS (“BNG”) to the Dutch company Broadview Holding. Headquartered in Hammerfest, BNG is the leading LNG distributor for transportation and industrial applications in Northern Norway.
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Kurt Kristoffersen new CEO in Hepro AS

November 2014: Kurt Kristoffersen has been appointed new CEO of Hepro. Kristoffersen is currently the CEO of Miras Industries and will start in his new position 1 January 2015.
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Rapp Marine opens production hub

October 2014: The winch and deck machinery producer Rapp Marine AS, majority owned by the private equity fund Nord II, opened a new factory in Gruza, Serbia, on Thursday 9 October. The top modern 11,000 square meter factory, which is equipped with state-of-art machinery, was opened in a highly profiled ceremony with both the Serbian Vice Prime Minister, the Norwegian ambassador, the owners, the Board of Directors and the whole Rapp Marine management as well as approximately 200 additional guests present. The factory will serve as the production, assembly and test hub for the whole Rapp Marine Group.
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Nord II acquires Hepro AS

October 2014: The private equity fund Nord II, managed by Nord Kapitalforvaltning has today acquired the majority of shares in Hepro AS, a producer of support products for disabled and elderly. The company based in Rognan, Norway already has a strong position in the Norwegian market, and the ambition is so strengthen this position further through organic growth and acquisitions of complimenting businesses. Nord II provides the required capital and to realise growth and takes an active ownership through the company's board. Today's chairman of the board and main shareholder, Trond Tidemann, will together with co-owner and CEO, Truls Aanstad remain as shareholders while continuing to have important roles in the company and its board. Kurt Jan Jensen from Nord Kapitalforvaltning AS will assume position as chairman of the board.
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Bomek doubles production capacity

On Saturday 6 September 2014 Norwegian Minister of Trade and Industry Monica Mæland opened a new modern factory for Nord II’s portfolio company Bomek Group in Bodø. The factory is an important element in Nord’s value creation plan for Bomek aiming at aggressively pursuing international growth.
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Helge Vatnehol new CEO in Rapp Marine

June 2014: Helge Vatnehol has been appointed to become the new CEO of Rapp Marine. Vatnehol is leaving the position as Senior Vice President Deck Machinery at Rolls-Royce Marine AS, and will assume his new position September 1st 2014.
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