DIV, which owns the Brodosplit shipyard in Split Croatia, has signed an agreement to buy the Norwegian company based in Ulsteinvik, with the deal is expected to be executed in the next few weeks, Kleven said Monday.

Kjetil Bollestad, CEO at Kleven, was quoted as saying he was happy to see "a new and solid owner of the yard," in media reports.

"Through a difficult period, we have managed to deliver fantastic ships, as well as exploit the high competence at the shipyard. Now we, together with new owners, will think long-term and develop further," said Kjetil Bollestad, CEO at Kleven. "This will be a new and exciting era for all Kleven employees." 

"We are very pleased to have signed this agreement which opens up the opportunity for cooperation between two long and successful shipbuilding traditions," said Tomislav Debeljak, owner and CEO of DIV Group. 

Maritime Business World