WilNor Acquires Norwegian Military Naval Base Olavsvern
WilNor Governmental Services AS, through its subsidiary company WGS Properties AS, has acquired 66% of the shares in the Olavsvern Group AS. WGS, a Wilhelmsen group company is a key logistics partner for the Norwegian armed forces and allied NATO forces. This acquisition enables WGS to provide an even broader range of services to military partners.
Olavsvern played an important role as a logistics facility, a command centre and a forward operating base for military forces operating in Arctic waters during the Cold War. The base consists of a 25 000 square meters mountain complex, including a mountain basin and dry dock for conventional submarines plus quays and 13 000 square meters of barracks, offices, and workshops. The base was decommissioned in 2009 and sold to private investors in 2013.
WGS is part of the Wilhelmsen group, which has a tradition of supporting allied operations dating back to World War II. “Wilhelmsen considers the ability to support and strengthen the military capacity of armed forces as a natural part of Norway’s “total defence concept” and the group’s social responsibility,” says Vidar Hole.