Company History

Historical development

• Established in 1966
• Listed on Oslo Stock Exchange in 1995
• Acquired Mongstad Engineering AS in 1996
• Acquired Norlift AS in 1997
• Acquired Aktro AS in 2000
• Established Joint Venture in Shanghai, China in 2001
• Sold TTS Construction AS in 2001
• Acquired HamworthyKSE AB, Dry Cargo in 2001
• Acquired Hydralift Marine and sold TTS Aktro in 2001
• Established office in Pusan, Korea in 2002
• Acquired 100% of JV in Shanghai, China in 2004
• Acquired LMG Cranes in Lubeck, Germany in 2004
• Acquired Liftec Oy in Tampere, Finland in 2004
• Established TTS BoHai Machinery in Dalian, China, 2005
• Etablished TTS Inc. in Miami, USA in 2005
• Acquired NavCiv Engineering AB, Sweden in 2005
• Acquired Kocks GmbH in Bremen, Germany in 2005
• Established TTS Marine s.r.l., Genova, Italy in 2006
• Established TTS Vietnam, Hai Phong in 2006
• Acquired ICD Projects AS, Ålesund, Norway in 2007
• Acquired Sense EDM AS, Norway in May 2007
• Acquired 100% Sense MUD AS, Kristiansand, Norway 2007
• Established Sense DrillFab AS, Norway 2007
• Established Sense EDM pte LTd, Singapore 2007
• Established TTS Keyon Marine, China 2007
• Acquired Wellquip Holding AS, Norway 2008
• Established Jiangnan -TTS, China 2008
• Established TTS Marine Equipment (Dalian), China 2008
• Established TTS Singapore Pte.Ltd, Singapore 2009
• Established TTS Greece Ltd,  Greece 2009
• Established TTS Mexico, Mexico 2009
• Established TTS Brazil, Brazil 2009