Mammoet Wind A/S will be acquiring Arise Kran AB’s crane and related equipment.
The transfer will take place in the second quarter of the current year and will
have a positive impact on earnings, which will be recognised in the same period.
The parties have also signed a statement of intent under which Arise secures
lifting capacity for future wind power projects.
“When we bought the crane in 2009 there was a shortage of lifting capacity for
large turbines of the type that we were planning to build. Prices for lifting
and assembly were high and lead times were long. Thanks to our in-house lifting
capacity, we have been able to build our wind farms faster and at a lower price
than if we had sourced the same service externally,” Mats Olofsson, Managing
Director of Arise Kran AB, says.
“Having our own crane has given us valuable experience of lifting, assembly and
transport of turbines – an experience that we will take with us and have use of
also in future projects. Now, having concluded an agreement with Mammoet Wind
A/S, one of the world’s largest crane companies, we no longer need to have our
own lifting capacity,” Mats continues.
”We are pleased to enter into a long-term cooperation with Arise, focused on
building future wind power plants” John Hartvig Larsen, Managing Director of
Mammoet Wind A/S, says, adding, “We are confident that Mammoet Wind as a global
solution provider focused on driving down cost of renewable energy in a safe and
sustainable way, will be a valuable partner for Arise and future projects”
Halmstad 20 May, 2015
ARISE AB (publ)
For further information, please contact
Mats Olofsson, Managing Director Arise Kran AB, +46 705 094 652
John Hartvig Larsen, Managing Director Mammoet Wind A/S, +45 51 56 90 93
The information contained herein constitutes information which Arise AB is
legally required to publish under the Swedish Securities Market Act (2007:528)
and/or the Swedish Financial Instruments Trading Act (1991:980). The information
was released for publication at 09.00 a.m. on 20 May 2015.
About Arise
Arise is one of Sweden's leading wind power companies with the business concept
to develop, build and manage onshore wind farms for its own account and on
behalf of investors. The company is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20
20 900, corporate id .no. 556274-6726
E-mail info@arise.se, www.arise.se
