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Arne Stang AS enters into agreement to acquire Airlift Onshore AS, the Norwegian subsidiaries of NHV Group

Ostend, Belgium – 15th December 2021- Arne Stang Holding AS, a family business, owned and run by the Stang family in Norway, has entered into an agreement to acquire all shares in the NHV Group subsidiary company, Airlift Onshore AS.

Airlift Onshore AS is Northern Europe’s leading company for the provision of onshore helicopter services. They create solutions for both onshore and offshore visual site inspections through the combined use of helicopters and drones. They are also the holding company for subsidiaries Vertech Offshore AS and Airlift AS. Both are market leaders operating a niche business whilst offering the highest quality in very specific and challenging helicopter operations.

Vertech Offshore AS, located in Lillesand Norway, is the international market leader for flare tip replacements, employing a unique method for flare tip replacement with a vertical reference flying technique.

Airlift AS, located in Bringeland Norway, provides drone and helicopters to carry out safety inspections that would otherwise require large and timely resources. They have 15 helicopters located across Norway, from: Bringeland, Kinsarvik, Stranda, Bergen and Tromsø.

Family company Arne Stang AS is a holding company operating in special areas of interest, including property, through their subsidiary company AK Stang Eiendom AS, fishing through Karmsund Protein AS and mountain protection through the company Norsk Bergsikring AS.

Pioneering CEO of Arne Stang AS, Peter Midthun immediately could visualise the significant synergies that the Airlift AS subsidiaries can offer to the portfolio of businesses already owned by Arne Stang AS, and he is looking forward to the interesting challenge of implementing them, trusting that having local ownership will further mature the organisation’s business offering and develop the local region.

NHV Group’s Chief Financial Officer, Laurent Verhelst comments, “Aviation services will be a new operation for Arne Stang AS, but with the vast level of competence, extensive subject knowledge and experience of the teams that they will acquire, we are convinced of their future success in Norway.’’

“Putting the agreement in place has been an ongoing discussion since autumn 2021, and we are pleased to announce that the purchase now appears to be in order” says Peter Midthun, CEO of Arne Stang AS.

“We have been working on the sale of Airlift for some time, and we are happy that we have now reached a goal with a local owner, so that the activity we have built up over more than 30 years at Bringeland, can continue,” says Stian Hårklau, director of Airlift AS.

About NHV Group:

NHV Group, headquartered in Oostende (Belgium), is specialized in B-to-B helicopter services and has a strong geographic presence in Europe and Western Africa. The group conducts operations out of several bases on 2 continents with a team of about 600 employees. NHV’s main focus is on the energy producing sector. The Group has a leading position in Europe as the only helicopter operator that conducts operations in every oil producing country in the region. The scope of work also includes Maritime Services comprising Search and Rescue (SAR), Offshore Wind Farms, Training, MRO and Harbour Pilot Services. Vertech Offshore and Airlift are two specialised organisations within the NHV group who are market leaders in flare tip replacement and power grid construction and maintenance. Aside from helicopter operations, NHV is also an Approved Pilot Training (ATO) and Maintenance Training (P147) organisation. In addition to supporting its own fleet, NHV provides extensive third-party maintenance services to a variety of civil and military clients. The group operates a multipurpose, high value fleet of more than 50 helicopters. NHV’s majority shareholder is Ardian, the world-leading private investment house with assets of around US$120bn, managed or advised in Europe, the Americas and Asia.

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