Incus Investor ASA

Scana-owned PSW Power & Automation AS secured a sizeable contract to design, manufacture and assemble an E-House power distribution module for a subsea installation in an offshore project in the Gulf of Mexico. Delivery is scheduled for Q1 2026.

Skarpenord AS and Xtronica AS formed a new joint venture, Skarpenord Xtronica Pte Ltd, in Singapore to combine valve control and automation technologies for maritime and offshore clients across Asia-Pacific.

Scana ASA, through subsidiary Scana Valve Control, agreed to transfer its 49% stake in the Korean joint venture Scana Korea Hydraulic to SKH for about NOK 40 million, with closing expected in Q2 2023, alongside a new strategic cooperation agreement with Skarpenord.

Skarpenord, a subsidiary of Scana ASA, signed a final contract with the Rosenberg Worley yard in Stavanger to upgrade valve control systems on the production vessel Jotun, worth over NOK 30 million. Equipment delivery is scheduled for Q3 2021.

Norwegian thruster maker Brunvoll signed an agreement to acquire all shares of Scana Propulsion, including Norwegian and sales subsidiaries, from Incus Investor ASA, subject to competition authority approval.