News - 10.07.2013

Harding Holding appoints CEO

(Oslo, 10 July 2013) Herkules' acquisitions of Schat-Harding and Noreq were closed on 4 July. The companies will be integrated under Harding Holding, led by Styrk Bekkenes, the former CEO of Noreq.

Herkules has appointed Styrk Bekkenes as CEO of the combined group, Harding Holding. Mr. Bekkenes was one of the founders of Noreq in 2006, and has been CEO of the company since inception. “Among the reasons for this decision, we would like to mention in particular Styrk Bekkenes’s in-depth knowledge of the industry, and his ability to inspire and motivate everyone in the organisation. We believe that Styrk Bekkenes is the right person to lead the group with the new opportunities ahead,” says Morten Blix, Senior Partner at Herkules Capital.

Going forward Harding Holding will operate under two brand names; HARDING for life-saving equipment and Noreq for cranes and fender products. Harding is a name with a long and reputable history in the life-saving equipment context. The company has always been one of the pioneers in the development of offshore lifeboats. It developed the world’s first freefall lifeboat -manufactured in Kvinnherad. All life-saving equipment and services will be brought together and marketed under the Harding name. As Noreq has established a strong international position within cranes and fender products, these products will continue to be marketed under the Noreq brand.

Morten Blix, Senior Partner at Herkules Capital
Telephone: +47 22 04 80 04
Herkules consists of three funds, with a total capital base of NOK 12.25 billion in committed capital from Norwegian and international investors. Herkules has the financial strength to acquire majority ownership positions in established companies with growth potential. Companies owned by Herkules funds are: Noratel, European House of Beds, Micro Matic Norge, Tilbords, Hatteland Display, EFG European Furniture Group, Nevion, Estrella Maarud, Bandak, New Store Europe, Enoro, Odlo Sports Group, Intelecom, Norsk Jernbanedrift, Helse Holding (Stamina), Espresso House and Harding Group. More information to be found at: