Endúr ASA: Marcon awarded long-term frame agreement in the Stockholm region
3 March 2022 – Stockholms Vattenentreprenader AB (“Sventab”), a wholly owned subsidiary of Endúr-owned Swedish marine infrastructure group Marcon, has today been awarded a long-term frame agreement by Stockholms Hamn AB for maintenance and repairs of quays and quay equipment as well as construction work.

The frame agreement stipulates a call off structure with Sventab ranked as nr. 1, and has been awarded following a public tender process, has a duration of two years plus six one-year extension options, for a maximum total of eight years. Stockholms Hamn AB estimates that the contract value is approximately SEK 10–30 million per year, equivalent to a revenue potential of between SEK 80–240 million over the full eight-year period.

The frame agreement includes maintenance work on quays, fixed quay equipment, concrete ramps, erosion protection, bridges and pontoons. It covers the following Swedish harbours: Stockholms Hamn, Norviks Hamn, Kapellskärs Hamn and Nynäshamns Hamn.

“The Swedish marine infrastructure is extremely active and still improving. This contract, which is considered low-risk project execution, is an excellent example of the type of work that has now resurfaced following last year’s hiatus caused by Covid-19 and an unusually cold winter period that caused frozen waterways,” says Jörn Ryberg, CEO of Marcon.

Marcon is a market leader within marine infrastructure in Sweden. The company performs a range of services connected to marine infrastructure construction and marine services, as well as other adjacent services including hydrographical services, dredging, rentals, inspections and diving.

Endúr ASA is listed on the Oslo stock exchange. The group is a leading supplier of construction and maintenance projects and services for marine infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialised concrete and steel projects.

(ENDS)