Integrating the two businesses is proceeding very well, and the logic we saw in the joining of forces is being confirmed by the response we’ve seen in the market,” says Henrik Uhd Christensen. The product is a good fit, and our approach to quality, design, core function and global presence are all very similar. I am completely certain that we’ve found just that in Norsafe. “We have long been in the market for potential acquisitions that complement our business model and meet our customers’ needs, both in terms of a broad product range and high quality. In 2018 VIKING acquired the Norwegian manufacturer of lifeboats – Norsafe With Norsafe, which develops and manufactures high-quality lifeboats and cranes for the global market, the company is taking yet another major step in this direction. In recent years, VIKING has carried out a number of smaller acquisitions to build a more complete range of safety solutions. Profit before tax amounted to DKK 155.4 million on revenue of DKK 2,015.6 million, which given the one-off costs of acquisition and integration of Norsafe is considered satisfactory. Norsafe’s lifeboat sales are included in the figures for the last three months of the year and have helped VIKING surpass DKK 2 billion in revenue for the first time in the company’s history. “We were able to deliver growth in activities and earnings in the original VIKING business, and we expect that the picture will remain the same for both areas of business in 2019,” says CEO Henrik Uhd Christensen. CEO Henrik Uhd Christensen, VIKING Life-Saving Equipment Adjusting for the costs of integrating this business and the impact on revenue in the last quarter of the year, the results show growth in both revenue and earnings. In 2018, VIKING acquired the Norwegian manufacturer of lifeboats Norsafe AS. 15 March 2019 – After two years of slightly declining revenue, VIKING Life-Saving Equipment A/S is seeing growth once more.
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