Nordenfjeldske acquires Osterman Helicopter

Nov 02, 2009

Nordenfjeldske Luftfart AS (NFL) has acquired all the stocks in Osterman Helicopter i Göteborg AB today. NFL owns the large Norwegian companies Helitrans AS and Helikopterdrift AS, and states that the acquisition of Osterman is a part of a strategy for NFL to become a significant actor in the Scandinavian aviation industry. NFL sees valuable synergies in the cooperation between the companies in various matters, e.g. in development of aircraft/pilots for new projects, as well as in maintenance and marketing.

The company, which is a subsidiary to Nordenfjeldske Dampskibsselskab AS, expects a joint revenue of approx 200 million NOK this year. The CEO of Helitrans, Ketil S. Jansen, will take the role as CEO of NFL from 1st of November 2009. The main focus of NLF will be to further strengthen its position as one of the largest provider of helicopter transportation services in Scandinavia. The group has activities like power line construction, power line inspection, sling load operations, personnel transport, monitoring missions and fauna control.

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