- Semi AS will retain a strategic interest and partner with Ancala in future operations
- INC Group will see its common ownership between Semi AS and WIS AS effectively dissolved
- Ancala is an independent infrastructure investment manager based in London
Ancala Partners has secured a 75 percent majority stake in Fjord Base Holding Group, a Norwegian supply base, servicing major offshore energy and renewable companies, from founding partners Semi AS and the WIS Group.
No financial details of the transaction were disclosed.
Fjord Base is located at Florø on Norway’s western coast.
Semi AS will retain a strategic interest and partner with Ancala in the future operation and development of the base, according to a release.
“We see substantial opportunities for the company, with an exciting future in the provision of infrastructure services to floating offshore wind developments and the investments the company is making in hydrogen, ammonia and aquaculture activities,” said Tim Power, director at Ancala.
INC Group will see its common ownership between Semi AS and WIS AS effectively dissolved as a result of the transaction, the release added.
INC Group is the umbrella group containing the business interests of Semi AS and WIS Group entities.
Ancala is an independent infrastructure investment manager focused on investing in mid-market infrastructure assets across Europe. The firm is based in London.
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