Syncrolift awarded two submarine transfer system orders worth NOK 88 million combined

10.11.2026 08:28:50 CET | Nekkar ASA | Non-regulatory press releases
November 10, 2026 – Nekkar ASA’s wholly-owned subsidiary Syncrolift AS has received two new orders for transfer systems from naval customers with a combined value of approximately NOK 88 million. Both deliveries are repeat orders based on systems previously supplied by Syncrolift, which limits engineering work and supports efficient execution.
The first order, comprises 30 new fluid bed transfer cars from an undisclosed naval customer in the United States to be used for nuclear submarines. The transfer cars will expand the customer’s capacity to move vessels between the shiplift and the yard’s maintenance and construction areas.
The second order, is a fluid bed transfer system for conventional submarines with an undisclosed naval customer in Asia. The system is used to transfer vessels within the shipyard and is delivered under a contract placed through the customer’s shipbuilding partner.
“These are repeat orders from customers that already operate Syncrolift equipment, and they confirm that our transfer systems perform over time,” says Rolf-Atle Tomassen, Managing Director of Syncrolift. “Since both deliveries are based on previously supplied designs, we can execute with limited engineering effort and predictable margins.”
“Alongside the large shiplift projects, follow-on orders from the installed base are an important part of Syncrolift’s business. Furthermore, it is positive to see our presence in the US defence market” says Ole Falk Hansen, CEO of Nekkar. “They add to the order backlog with attractive risk and show the long-term value of Syncrolift’s naval customer relationships.”
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contacts

Per Christian Olsen, Investor Relations, Nekkar ASA, +47 90 02 90 77, investor.relations@nekkar.com

About Nekkar ASA
Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value. The group supports empowered operating companies with a strong balance sheet and reinvests strategically to ensure profitability and sustainable growth. As a publicly listed company, Nekkar has a proven track record of shareholder value creation through disciplined M&A, financial management, and capital allocation.

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