Historical development

1966

TTS Technology is established and headquartered in Bergen. TTS was originally an abbreviation for Total Transportation Systems.

1974

First Asian contract entered into with China Shipbuilding Corp. TTS already had international relations, and after Norwegian parliament elections in 1977 internationalization becomes part of main strategy.

1988

After several years of recession, TTS is close to bankruptcy. The market finally turns around, and a contract with the Kværner Govan shipyard in Scotland becomes an important turning point. The annual accounts show a profit for all TTS companies.

1995

TTS Technology ASA is listed on the Oslo Stock Exchange on the list for smaller and medium sized companies.

1996

TTS acquires Mongstad Engineering in Bergen; a company focusing on technology and solutions for marine cargo handling.

1997

TTS acquires Norlift in Bergen and so takes an important step into the market for marine and offshore cranes.

1998

Johannes D. Neteland is appointed CEO. The company’s turnover is MNOK 362 and it has 135 employees.

1999

The Board of Directors adopts a strategy for the «new» TTS, which states that the group should become one of the leading players in the global markets for marine cargo handling over the next five years.

TTS establishes operations in Japan. Two years later the operations are liquidated as a result of negative market developments.

2000

TTS acquires Aktro in Molde and by this enters the market for larger offshore cranes with high performance technology.

2001

TTS acquires Hamworthy KSE - Dry Cargo Division in Gothenburg. The acquisition entails a 50 percent joint venture interest in TTS Hua Hai Ships Equipment in Shanghai in partnership with CSSC.

2002

TTS acquires Hydralift Marine AS. Norlift and Hydralift Marine AS merged into one company. Sold TTS Aktro, profit MNOK 22.5. Temporary exit from offshore cranes market.  TTS

2004

TTS acquires the crane division of LMG, a company established in 1846, in Lübeck. This complements TTS’ crane portfolio and gives access to the German shipbuilding market.

TTS acquires Liftec Products in Tampere, supplier of systems and products for loading and unloading at ports.

2005

TTS acquires Kocks in Bremen, making deck machinery; winches for tankers, container vessels and other cargo vessels, part of the company’s product portfolio.

TTS acquires Navciv Engineering in Gothenburg. The company forms the basis of TTS’ international initiative relating to linkspans and container terminals.

TTS enters into an agreement for 50 percent joint venture with DSIC, and TTS Bohai Machinery is established in Dalian focusing on the Chinese market for marine cranes.

TTS passes a milestone with MNOK 1,000 in turnover. At the end of the year, the company has a workforce of 580 employees and operations in nine countries.

2007

TTS acquires Sense EMD in Kristiansand and makes drilling equipment a separate business domain. The company gets two orders for drilling equipment packages total drilling equipment solutions.

TTS makes a «come back» in the offshore cranes market with great success, amongst others as result of acquiring ICD Projects in Ålesund.

2008

TTS reports a turnover of MNOK 4,196. However, the financial crisis has a great impact on the pre-tax profit.

2009

TTS establishes own services division.

2010

TTS enters into an agreement with DSIC regarding strategic cooperation on deliveries to the offshore industry.

2012

TTS Energy Division (minus the Bergen offshore department) sold to Cameron int. Corp. Profit MNOK 420. TTS acquires Neuenfelder Maschinenfabrik GmbH (NMF) in Hamburg, Germany.

2013

TTS Poland sp. zo.o in Gdansk established. Björn Andersson appointed new CEO.

2014

New service hubs opened in Houston and Lafayette, USA and Rio de Janeiro, Brazil. New 50/50 company in China established.

2015

Agreement with Rolls-Royce to acquire Syncrolift TM assets, broadening the offering for shiplifts and transfer system solutions. Services offering expanded trough purchasing the assets of Italian company Ergon s.r.l. New Services office in Antwerp. Amendments to governing agreements in THH reflected via full consolidation of THH into TTS Group.

2016

New Services office in Dubai, United Arab Emirates. Toril Eidesvik appointed new CEO.

2017

TTS Liftec sold.