TTS Group ASA (OSE: TTS)
Bergen-headquartered TTS is a global enterprise that designs, develops and supplies equipment for the marine and oil and gas industries. As of 1 October 2009 the operations are split into three separate divisions: Marine, Energy and Port and Logistics. TTS is one of the top three largest suppliers in its specialised market segments.
TTS is listed on the Oslo Stock Exchange and the group's annual turnover is in the region of NOK 4200m. With a worldwide workforce of around 1250, TTS has over 40 years of experience in the marine industry. The group has subsidiaries in Norway, Sweden, Germany, USA, China, Finland, Korea, Czech Republic, Vietnam, Canada, Singapore, Italy, Greece, Mexico and Brazil.
The group's activities primarily involve design, assembly and testing of equipment while, apart from manufacture of certain key components, production is undertaken by a global network of subcontractors. Is an international engineering company that produces cargo access equipment to the offshore and marine industry.
The group has few divisions: marine cranes, dry cargo handling, deck machinery and port and material handling, Drilling Equipment for offshore & onshore oil rigs. The company headquarters is based in Bergen, Norway. TTS was founded in 1966 and has been listed on the Oslo Stock Exchange since 1995.