Ancala Partners has taken a majority interest in a supply base in Norway that services offshore energy and renewable businesses.
Ancala has invested an undisclosed amount to buy a 75% stake in Fjord Base from founding partners Semi AS and the WIS Group, which will retain “a strategic interest” in the base.
Fjord Base is Norway’s largest supply base by area and is located at Florø on Norway’s western coast, handling 2,000 ships per year and 400 kilotons over quay per annum.
The company comprises Fjord Base AS, which is responsible for the development, leasing, construction and management of buildings, quays and technical facilities, and Saga Fjordbase AS, the integrated logistics provider that delivers total logistics services to all customers at Fjord Base.
Tim Power, director at Ancala, said Fjord Base has a proven track record of delivering incremental, customer-led growth projects with major multi-national clients.
Power added: “We see substantial opportunities for the company, with an exciting future in the provision of infrastructure services to floating offshore wind developments and the investments the company is making in hydrogen, ammonia and aquaculture activities.”
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