SolstadFarstad Emerges After Company Mergers

SolstadFarstad Emerges After Company Mergers
Solstad Offshore, Farstad Shipping and Deep Sea Supply have now merged into one company named SolstadFarstad ASA.

Solstad Offshore, Farstad Shipping and Deep Sea Supply have now merged into one company named SolstadFarstad ASA.

SolstadFarstad owns a fleet of approximately 150 vessels and holds offices in Norway, Australia, Brazil, Singapore, the Philippines, Scotland, Cyprus and Ukraine.

“As a merged company, we are better equipped to meet the challenges and the possibilities that will arise,” SolstadFarstad CEO Lars Peder Solstad said in a company statement.

“With the merger, we may benefit from synergies through operation of a larger fleet, our collective competence and experience, and hence ensure profitable operations in the future,” he added.

The headquarters of SolstadFarstad is in Skudeneshavn, Norway, and the intention is to maintain operations from the offices in Ålesund, Fosnavåg and Grimstad.

“We are now entering as phase of implementation of management and systems, mapping and establishment of a new organization, as well as starting the process of streamlining the operations in accordance with the new operational model,” Solstad said.

“The new organization model, will be set in September,” he added.



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