TTS SIGNS WITH MARINE DEVELOPMENT LTD 14.03.2007

TTS Port Equipment AB has signed a contract with engineering and construction specialist, Marine Development Ltd. in an agreement to take over the total of its know-how and expertise.

Marine Development Ltd. is regarded as one of the most innovative ship-to-shore interface experts in the marine industry. Setting up in 1972, the company originally patented the semi-submersible linkspan. Marine Development can now boast a long and proven record of providing flexible, safe and economic means for the transfer of cargo in this sector; to date, approximately 60 linkspans and passenger gangways have been designed and supplied. Contracts have ranged from design-only, design and project management, and joint ventures to complete turnkey contracts with responsibility as the main contractor.

As part of the agreement, John Rose, former owner of Marine Development, will join TTS on a consultancy basis, bringing with him much industry experience.

“This agreement will allow TTS to strengthen its position as one of the leaders in the Marine industry,” says Lennart Svensson, Managing Director, TTS Port Equipment AB. “Working closely with customers to devise intelligent and cost-effective solutions, the combination of TTS’ expertise, teamed with that of John Rose, will allow us to further help increase the profitability and competitiveness of our customers.”

About TTS
Norway’s TTS Marine ASA comprises four divisions – Dry Cargo Handling (Sweden); Port and Material Handling (Sweden); Marine Cranes (Norway); and Deck Machinery (Germany). Part of the Port and Material Handling division, TTS Port Equipment AB, located in Gothenburg, is designated the port equipment ‘Centre of Excellence’.

Gothenburg, 9 March 2007

For more details, contact:
Lennart Svensson
Managing Director

TTS Port Equipment AB
Tel: +46 31 725 7900
E-mail: info@tts-port.se


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