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Kleven subsidiary will be taken over by employees

Several employees become new owners of Kleven Maritime Technology, a subsidiary of Norwegian shipyard Kleven. With the agreement, all three parts of the Kleven group are set to continue with new owners after the company filed for bankruptcy earlier this month.

Photo: Per Eide, Kleven

Kleven Maritime Technology, a subsidiary of Norwegian shipbuilder Kleven, will be taken over by employees at the company, reports Vikebladet.

The subsidiary represents the engineering part of the Kleven group. In early July this year, the yard and its two subsidiaries filed for bankruptcy, after Kleven has been through tough years, with the latest profit reported in 2014.

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