The CEO points out that the timing of the IPO is right for the company.

- The IPO is a milestone for Beerenberg as a company that we believe will be good for our owners, employees and customers, says CEO Arild Apelthun.

Beerenberg also sees exciting opportunities the company wants to develop, including in robotics, surface treatment and infrastructure.

About Beerenberg

Beerenberg is a leading supplier of maintenance and modification services on the Norwegian continental shelf, and a global supplier of insulation products. The group's expertise covers the entire life cycle of the oil and gas industry, from field studies and new construction to maintenance, modifications and life extension. The operative business is organized in Beerenberg Services and its subsidiaries. The company is headquartered in Bergen, and has offices in Stavanger, Skien, Poland, South Korea, Thailand and Singapore.