TTS Group ASA gets new subsea crane contract

TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS in Bergen signed a new contract for delivery of a subsea crane. Value of the contract is approximately NOK 35 million, the company said in its press release.
The contract is with a European customer, and concerns delivery of an active heave compensated subsea crane.
The delivery will take place in the second quarter of 2015.