Salcon Berhad enters into agreements with Norwegian companies

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On 16 February 2017 - Salcon Berhad through its subsidiary Tanjung Jutaria Sdn. Bhd. (TJ) entered into a Share Subscription cum Purchase Agreement (SSPA) and a Shareholders Agreement (SA) with Norwegian companies Rayvn AS, Total Safety AS, and Enovate AS to acquire 50.5% shareholding in the company. The signing ceremony took place at the residence of the Ambassador of Norway to Malaysia, His Excellency Mr Hans Ola Urstad, and was graced by his presence.

Ravyn, incorporated in Norway, specializes in crisis management software development and servicing clients with using its software product namely Emergency Log Unit (ELU) to manage the incidents in real-time communication and tasks delegation to the targeted audiences in bulk via mobile app and desktop. This ELU software will enable safety, security and emergency response teams to dispatch, track and coordinate their personnel as well as to maintain a robust and sustainable operational level throughout a challenging situation via web-system, a dedicated app or even SMS for real-time management of incidents and emergencies.

Its customer base includes event management, security companies and other companies and other organizations that experience critical and complex situation while running their operational activities.

“We are excited to further extend our involvement in this sector by acquiring majority stakes of Rayvn AS, via our subsidiary Tanjung Jutaria Sdn Bhd. With this collaboration, we look forward to expand the business not only in Europe, the US but also in the Asia region as we believe that the market in Asia Pacific is very ready for such a tool.” says Thomas A. Sjøberg, Chief Executive Officer of Salcon Petroleum Services during the signing ceremony.