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Private placement in Vest Kran K-B AS

There has been a capital increase of Vest Kran K-B AS through a private placement from West Kran, which thus has ensured continued operations.

The company is ready for new challenges and we have created a secure base for customers, employees and creditors. In this way, the company is significantly strengthened and further operation is better secured.

The staff's competence, confidence and drive are the most valuable assets of this company and are the core values that management are working to secure through this safeguarding of jobs.

"The management of Vest Kran K-B AS wishes to thank its loyal employees through many years, who have chosen to stand together and have kept our spirits up during the recent major trials. Had we not had our loyal and best people backing us up and who have supported and encouraged us to continue in spite of all adversities, I am not sure if I had managed to find the strength to continue our efforts to save the company. ", said Trond Emblem.

The market has shown confidence in Vest Kran K-B AS. Several major projects have continued and new ones have started, meaning that we have already increased our order mass and need to hire people and equipment.

It shows that the market has confidence in our ability and willingness to carry out these jobs as expected. In a tough industry this is an unequivocal and significant confirmation of the quality Vest Kran K-B AS staff have established through many and demanding jobs. The market wants Vest Kran K-B AS's services and this is a trust we shall preserve and develop. Vest Kran K-B AS will hire more new employees in the future to accommodate the increased demand.

Best regards from the leadership of Vest Kran K-B AS. - part of West Kran

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