The TTS History

 

The beginning was humble, but the vision was great: To get the gears of the marine industries engaging more smoothly. When TTS was set up in 1966, the goal was not just to deliver first-rate handling equipment, but also to provide complete handling solutions for shipyards, ports and ship-owners.

The ensuing years, the company made a remarkable journey from a tiny start-up on the west coast of Norway to a multinational, NOK billion corporation with operations worldwide.

 

 READ HISTORICAL DEVELOPMENT (1966 - )

First decade

Second decade Third decade
1966-1975 1976-1985 1986-1995

Emerging from a small family enterprise that produces cranes, Total Transportation Systems is established in 1966. The name is later shortened to TTS.

TTS becomes the first Norwegian company that acts on the improved relations between China and the West.

 

Delivery of cargo handling solutions to a car carrier in 1984 marks the beginning of TTS’ climb to a world-leading position as provider of access system for this highly specialized segment.

After years of falling order intake due to a declining Norwegian shipbuilding industry, large contracts in 1988 marks a new turning point for TTS.

TTS is listed on Oslo Stock Exchange in 1995.

Fourth decade Fifth decade
1996-2005 2006-2015
A purchase in 1996 is the starting point for a period of acquisition-driven growth for TTS. Target segments, product portfolio and operations are heavily expanded.

TTS acquires the drilling package provider Sense EMD and sells it on to Cameron with a sound profit.

TTS becomes leading player in the heavy-lift market and a network of service hubs are set up.

Operations in China and Korea strengthened.