FACTS AND FIGURES 2013 New sales record for TESS Sales in TESS for 2013 amounted to NOK 2.61 billion, representing the largest sales volume to date in TESS. Pre-tax profit ended up at NOK 118 million.Bookequitywasstrengthened by15percentduring2013comparedto thepreviousyear.Theownersarereinvestingthemajorityoftheprofitsinthe business,inNorwayandabroad.Inthis way TESS can remain independent of banksandotherfinancialinstitutions. Tess is therefore a rock solid wholly Norwegianservicecompanypreparing for expansion. Continued growth is grounded in the company's vision and theobjectiveofachievingasalesturnoverofNOK10billionby2020.TESS, instrongcompetitionfromthemarket, has won major supply contracts with several of the biggest potential customersinNorway. Businessisgrowingsteadilyandtheplansareinplaceforadded growthinNorwayandfurtherafield. TESSexperiencedtheNorwegianmarketasrelativelystablein 2013.The demand for goods and services in the petroleum industryandrelatedbusinesshasseenrecordhighs.Otherbusiness TESS services has remained stable on average. Unfavourable exchange rates for the export companies have been cause for concern for a long time. However, the NOK weakened toward theendoftheperiod,representinganadvantageformanyofour customersandadisadvantageforTESSasanimporter. ThissteadyexpansioninTESSistoagreatextentlinkedtoour coremotto:Followyourcustomers!Thestrategyistofollowour major customers wherever they might be. TESS has enjoyed greatsuccesswiththisstrategy.Oureffortstostretchourselves further out into the value chain have brought results. From 1 January 2014 subsea activities at headquarters have been organised under the company TESS SubseaAS. This makes it possible to streamline business focus on the market areas the previousdivisionworkedwith. More than 110 TESS sites TESSopenedforbusinessatsixnewsitesduring2013andQ1 2014.Thesenewbusinessesarespreadoverjustasmanycounties. Two of these are in the form of Partnershop collaborating with a major customer. TESS Skien merged with TESS Porsgrunnin2013,andLierMaskinforretningwascloseddown inMay2014.TESSMoldeandTESSØlenwillmoveintonew business premises owned by TESS during the course of 2014. TESS Brazil is expanding with a new service centre in Rio de Janeiro.AnewPartnershopwillalsobeopeningincollaboration withStatoilduringthesecondhalfof2014. TESS facts TESSisaNorwegian-ownedandnationwidesupplierofhoses, servicesandproductsforoperationandmaintenance.Thecompany’s core products are hoses and hose fittings for all purposes, alongwithabroadrangeofassociatedservices.Inaddition,TESS is a leading Norwegian participant within the areas of welding machines and materials, cleaning machines, personal protective equipment,tools,consumables,etc.Aroundthecompany’score products,TESShasbuiltupalargerangeoflocalservicesanda dedicatedcentraltechnicaldivision. TESSSubseaASisatechnologycompanywhoseprimaryfocus ishydraulicmultilinecablingproductsforthesubseamarket.The companyisalsopursuingaweldingworkshopspecialisinginsteel tubingandinstallationservicesinTESS. Our market primarily consists of industrial customers, both on andoffshore.Theproductsaredistributedthroughmorethan100 of the company’s service centres, which are spread across the entirecountry. Eachservicecentrehasalocallyadaptedrangeofservicesand inventory. TESS’s head office is situated in Lier municipality, outsidethecityofDrammen.TESSwasestablishedin1968,and ismainlyownedbyfoundersErikJølbergandOlavNygaard. TESSASadministratesandcoordinatestheprocurement,import andsupportfunctionsfortheTESScompaniesthatarelocated around Norway. This includes the central management and secretariat,aswellastheHR,TESSAcademy,ICT,marketing, communications, HSEQS and finance functions. In addition, TESSAS has specialist expertise within hoses, fittings, tubes, inventorymanagementsolutions. TESS regional companies TESSØstas,TESSØstfoldas,TESSInnlandetas, TESSSkagerakas,TESSDrammenas,TESSHønefossas, TESSRogalandas,TESSVestas,TESSTrondheimas, TESSMøreas,TESSHammerfestasandTESSNordas. The TESS AS organisation Management ErikJølberg Procurement TorIngeBrunæs Logistics Ø.SkalstadLarsen Administration KenMortenSteen 42 TESS FACTS AND FI GUR ES 2013 HSEQS Sales/marketing DagfinnBerge Production/technical AnsgarKarlsen Front page: FromtheopeningoftheServiceCentrein Vinstrainfebruary2013.Fromleft:RegionalManager HelgeAndresen(TESSInnlandet),MayorOlavRøssum (CommunityofNord-Fron)andChairmanDagfinn Berge(TESSInnlandet). Vision, target and strategy Health, safety and environment Vision TESS has for a number of years established systems for its workwithhealth,safetyandenvironment(HSE).Bothinternal controlsandmappingoftheworkingenvironmenthavehada permanent place in the personnel handbook for a long time. A joint HES system has been established for all of TESS’ operations. The system is based on ISO 140001:2004 and OHSAS18001:2007.TESSworkswithanumberofmeasurestoreducesicknessabsenteeisminitsdifferententerprises anddepartments.In2010aquarterlyattendancebonusschemeforallemployeeswasintroduced. Target objective: NOK 10 billion in 2020. TESSshallthroughcontinuedgrowthsecureanddevelopsolid workplacesinthelocalcommunitieswhereTESSisestablished. Inordertoachievethis,TESSshallbethepreferredsupplier of products and services in the markets in whichTESS has businessactivitiesatanygiventime.Tessshallincreasecustomers’uptimeandprofitability. Strategy OnitspathtothetargetobjectiveTESSshalldevelop: n Newmarketsandcustomers,nationallyandinternationally n Newproductsandservices n Completetechnicalsolutions n Integratedsupplyservices n Expertiseintheorganization n Capacityforcustomersatisfaction Further, TESS will evaluate strategic acquisitions, alliance buildingandothermeasuresthatwillensurethetargetgrowth. Products and services TESS’spriorityisproducts,qualitiesandserviceswhichalso makeapositivecontributiontousers’health,environmentand safety.TESSwasthefirstsupplierintheindustrytoimplement aqualitysystemin1994.Thesystemisauditedannually.TESS also takes the initiative to implement solutions that make it easierforcustomerstocomplywithpublicrequirements,laws andregulations,withserviceconceptsdesignedtopreventpersonal injuries, pollution and operational downtime.At TESS ApprovedHoseWorkshops,deliveriesarequalityassuredand the customers’ hose inventory is monitored by TESS Hose Management.Combinedwithcompletetechnicalsolutionsand deliveriesthisincreasesuptimeandtheoperationalsecurityof thecust-omer’ssystems.TheservicesfromTESSareavailable 24hoursaday,allweek,yearround. Umbilical reels ready for shipment. Sickness absence in % 2004-2013 8 7 6 5 4 3 5,2 4,95 5,8 5,3 5,8 7,2 6,7 6,5 5,5 6,3 2 1 0 Environment ZeroreportableemissionsisanobjectiveforTESS.Thiswas achievedin2013.Thegoalfor2014issourcesegregationof halfofallrefuseforTESSinitsentirety.Inthesecondhalfof 2013theTESShouse(headofficeandlogisticscenter)hada sortinglevelof80percen Pre-separation of waste Wood Mixed waste Metal Hazard waste Cardboard EE-waste Office paper Other: Plastic Safety An intensified focus on the reporting of non-performance eventsandconditionswasgivenhighpriorityin2012.TESS hasin2014agoalofachievingH1<2andH2<5. Ethical guidelines TESS’ ethical guidelines have been compiled in a 24 page document. These are guidelines for all employees, boards, contractedconsultantsandothersactingonbehalfofTESS. Anannualhealthcheckisdoneontheethicalenvironment. TESS Academy TESS Academy offers courses whichareavailabletoallTESS employees.Lastyeartherewere over 39 different courses to choosebetween.Inthecourseof 2013TESSAcademyhasreceived 898enrolments.Intotal108 TESSmanagershavecompleted TESSmanagingtraining.TESS has currently 23 special educated Hose Masters and 57 DNV certifiedhosetechnicians. 3 TESS FACTS AND FIGURES 2 013 Key figures TESS (Amount in 1000 NOK) Profit and loss statement Operating income 2013 2012 2011 2010 2009 2008 2 622 435 2 401 332 2 129 681 1 947 216 1.890 889 2 042 157 Cost of goods sold 15744751474498 1284870 1187863 1.129258 1276449 Saleries and wages554795 475734 429243 408163 399103 416204 Other operating expenses 329926 295751 256667 242447 238426 241767 Ordinary depreciation 31657 31799 30978 34721 33138 30768 Sum drifTotal operating expence Operating result 2 490 852 2 227 782 2 001 758 1 873 195 1.799 925 1 965 189 131 582 123 550 127 923 74 021 90 965 76 968 Interest received17390 15399 13026 12131 14452 23622 Other financial income/(expenses) 11602 2041 2355 12230 3810 1956 Interest paid 18941 16212 15242 12052 27397 29877 Otherfinancialincome(expenses)23300706 219411854 9483 21436 Net financial income -13 250 522 -2 055 454 -18 618 -25 734 Pre-tax operating income (PTOI 118 333 124 072 125 867 74 475 72 347 51 233 Taxes 36211 30445 36856 17514 23045 17170 After-tax operating income (ATOI) 82 122 93 627 89 011 56 961 49 302 34 064 Balance sheet (Amount in 1000 NOK) Assets Deferred taxes 46918 41681 32812 31314 26856 21996 Machinery, vehicles and buildings 330801 297910 279312 273020 228932 244584 Shares 320292 213228 149379 77334 81829 54181 Long term debtors 212231 134579 67348110113 72665 76596 Fixed assets 910 242 687 397 528 851 491 780 410 282 397 357 Goods for resale505593 443032 393676 374482 367 167 399 536 Accounts receivables 491238 470633 405372 381710 338 615 398 146 Cash and bank deposits 106587 119161 152387 137620 143 650 85 408 Total current assets 1 103 418 1 032 827 951 434 893 813 849 432 883 090 Total assets 2 013 660 1 720 225 1 480 285 1 385 593 1 259 714 1 280 448 Liabilities and shareholders equity Share capitall 338388 272470 154474 179551 178551 123877 Other equity 685192 601652 614198 494475457115 440358 Equity 1 023 581 874 122 768 673 674 026 635 666 564 265 Delayed taxest 4001 1136 1330 1659 - Long-term liabilities 411745 322742 253889 274573 210778 202435 Long-term liabilities 415 747 323 878 255 218 276 232 210 778 202 435 Accounts payable273200 271083 233803 212121 180066 307389 Accrued unassessed taxes 36272 37713 38198 20065 30951 20016 Other short-term liabilities 264861 213430 184393 203148 202253 186373 Current liabilities Total liabilities and equity 574 332 522 225 456 394 435 335 413 270 513 778 2 013 660 1 720 225 1 480 265 1 385 593 1 259 714 1 280 448 TESS International Financial strength Closing includes sales in Denmark, Scotland and Brazil. Totalrevenueabroadwere77,5MNOK,givingatotaloperatingprofitof9,5MNOK.InadditioncomesT&MInc.in theUSA(50%stake)withaturnoverof26,5MNOK. TESS enjoys a strong financial position and holds large unusedcreditreserves.TESShasarealisticdividendpolicy and surplus is retained in the company to the greatest degreepossibletobeusedasacontributiontoinvestments andfurthergrowth.Equityrepresents50,8%oftotalassets. 44 TESS FACTS AND FI GUR ES 2013 Milestones in 2013 and Q1 2014 TESS Subsea AS opened TESSSubseaAShaditsfirstdayofbusiness1January2014. Thecompanyhas24employeesandrepresentsthecontinuation ofsubseaactivitiesinTESSAS.Openingthisbusinessmakes itpossibletofocuseffortsonthismarketareawhilealsoclearly communicatingtothemarketthatTESSplanstofocusfurther onexpertiseandhighabilitytodeliveronthoseproductsand serviceareasthatthesubseadivisionhasworkedwith.TESS SubseaASwilleventuallymoveintopremisesinIndustrigata 6inVitbank,Lier. TESS Nord AS established Thiscompanywasestablishedinautumn2013withheadquarters in Tromsø. TESS Nord AS will run and coordinate the service centres in Tromsø, Alta, Hammerfest and Kirkenes. Tom Eliassen is appointed as Regional Manager. A contract wassignedfortheleaseofa770squaremeterbusinesspremises inBreivika(Tromsø),withthemovingindatesometimeinthe lastquarterof2014. Service centre in Rio de Janeiro InJune2014TESSBrazilopeneditsownservicecentreinRio, inadditiontoitsheadquartersinMacae.TESSRioislocatedin Niteroi,ashortdistancefromtheservicepointsandshipyards intheoffshoreindustry.Thenewbusinesspremisesare1,200 square metres in size and have offices, workshop and storerooms. The service centre offers the majority of services for hydraulicandindustrialhosing.Thenewservicecentremakes TESSevenmoreaccessibleintheBrazilianoffshoremarket. New service centres Q1-42013 Q1-22014 n Bodø n OsloSentrum n Vinstra n RioDeJaneiro n Måløy n Tau TESS in Brazil Bigger investment in own property Theportionofownbusinesspremises/propertyisgrowing.In 2013/2014TESSMøreASisbuildingitsownbusinesspremisesforTESSMolde;TESSVestASisbuildingnewpremises forTESSØlenand;abuildingextension/renovationofTESS Stordiscompleted.Plans/approvalsarealsoinplacefornew businesspremisesinÅgotnesandVikersund,alongwithplans to extend the buildings in Kokstad in Bergen.TESSAS purchasedandtookover5,000squaremetresofbusinessproperty inIndustrigata6inLieratthebeginningoftheyear. Acquisitions In2013TESSacquiredallthesharesinJ.D.SveiseServiceAS inSkien,andmajorityshareholdingsinRørtekASinÅlesund. TESS celebrated 45 years On2September2013,TESScelebratedits45thbirthdaywith cakeatallTESSsites. New Partnershops In2013onePartnershopwasopenedinHardangerincollaborationwithBolidenOddaASandanotherinHaldenincollaborationwithNorskeSkogSaugbrugsAS.Boththesearestaffedby TESSemployees.AmaincontractconcerningPartnershopwas formally signed for Wärtsilä Norway and Olvondo Industries (4+3+3years).ThePartnershopcontractwithfourmajorcompaniesinRaufossIndustriparkwasrenewedforanotherfouryears. Industriens Motemesse 2013 After some years away, TESS organised “Industriens Motemesse2013”attheTelenorArenaon29-30October2013. Thefairwasthetwelfthinarowandgathered90exhibitors. TheeventwasaresoundingsuccessandTESShasdecidedto organisethefairagainin2015withthetheme:Newenergy– Newrelationships–Newopportunities. Newly appointed Industry Minister Monica Maeland (Conservative Party of Norway) made her very first official business visit to TESS in October 2013. New collaboration agreements in 2013/2014 Collaborative agreements form the basis for good logistics, secure deliverables and relationship development. TESS has long-term collaborative agreements with a vast number of customers. These agreements and amended and renewed at regular intervals. Among the agreements signed during the period are the following: Aibel Frameworkagreementforsupplyofconsumermaterial(viathe Tradebrokercontract)forthenewbuildingyardandallworkshop activitiesinHaugesund,andallotherlocationsinNorway. Halliburton Skandinavia Frameworkagreementforthesupplyofhosing,fittingsandservicesthroughoutNorway.Measuringandregistrationofthehose parkinTESSHoseManagement.Duration:2+2+2years. Oceaneering Frameworkagreementforthesupplyofhosing,fittingsandser- vicesforallNorwegianlocations.Establishmentofanintegrated supplysolutioninForus,withdurationof3+2years. Kongsberg Group Adhesion contract (via Tradebroker) where the customer has chosen TESS as its preferred supplier of MRO products and hoses/pipes/tubing components. The contract applies to all the Group´ssitesinNorway. Incentra NewprocurementcontractwithTESS,onbehalfof43shipping companiesandrigowners,expiringattheendof2016.In2013 TESSsoldgoodsandservicestothetuneofNOK45millionto membersofIncentra. NOFO (Norwegian Clean Seas Association for Operating Companies) Framework Agreement with TESS for the entire TESS range, containersolutionsandservices.Theagreementappliestoalloil protectionbasesandvesselsandissignedforaperiodof4years. 5 TESS FACTS AND FIGURES 2 013 Services TESS steel hoses E-commerce, E-invoicing and EDI-solutions TESS has 15 years’ experience with E-commerce. We have workedhardtoremainattheforefrontofthisarea.Today,we canoffercustomersalltypesofsolutionsinthisconnection. Thetrendisthatanincreasingnumberoforganisationsrequire their collaborative partners to be able to offer E-invoicing. Norwegianauthoritieshaveintroducedrequirementswhichstate that publicly owned organisations shall trade with suppliers whouseE-invoicing.TESSiswellprepared,andmeetsthese requirements.TESSoffersE-invoicingbasedonanumberof standards, or customised in accordance with requirements. InvoicescanalsobesentasPDFfilesviae-mail. The supply of complete steel hoses for variouspurposesisoneofTESS’sspecialities.Wehaveseveraldecades’experience withtheproductionofsteelhoses,which arealwaystailor-madeforthecustomer. The production department outside Drammen isresponsibleforweldingand assembly. In addition, the department handles the adaptation of compensators, theorbitalweldingoftubes,bending,and on-site services for the assembly of complete industrial pipe trenches with fittings.Ourworkshopandourstaffhave certificationsandapprovalswhichcover alltheneedsofthemarket,bothonshore and offshore. In connection with hose production,theworkshopcarriesoutpressure testing with water/gas, penetrant, radiography and flushing in accordance withNAS/ISOstandards.Theworkshop isqualityassuredinaccordancewiththe ISO 9001 directive, certified by DNV. TESS offers package solutions (kitting) where the workshop produces complete hoseassembliesascomponentsinproducts forseriesproducingcustomers. THM – increased uptime for the customers TESS are constantly developing the market-leading maintenance system TESS Hose Management.Improvedsystemsandproceduresmakestheconceptevenmoreattractive inthemarket,primarilyformarketsasshippingandoffshore.IthasbeenperformedTHM operationsinseveralpartsoftheworld.Revenuegrowthshowsaverygoodperformance. In 2013 we signed exciting THM agreements with both PGS Geophysical (a fleet of Ramformseismicvessels)andrigcompanyDolphinDrilling.TheprospectsforcomprehensiveTHMoperationsaregood.Oftheoperationsinthisperiod,itisworthmentioning thatthehoseparkonENI´srig“Scarabeo5”wasinspectedinfull,measuredandregisteredinTESSHoseManagement.Inadditiontooffshoreandshippingtherehavealsobeen traditionalTHMjobsatland,forexampleatabrewery.ThesizeoftheTHMdatabaseis almost300,000units. 24 hour service – Hose watch TheTESScompaniesoffer24hourserviceandadedicatedhosewatch,whichiscalledout asneeded. Strategic networks Urgent delivery of a custom made component for a platform installation in the North Sea. TESS Subsea AS TESSSubseaASbeganoperatingfromthefirstworkingdayinJanuary2014.Thesubsea industryisinanintensegrowthphase.Thisisbecauseanincreasingnumberofmarginal oilandgasdiscoveriesarebeingextractedbysubseainstallationsontheseabed.Oursubsea operations are based on hoses and knowledge of hydraulics. We produce and deliver completebundles,jumpersandhydraulicflyingleads(HFLs),andready-to-uselinesfor hydrauliccommunicationbetweentrees,manifoldsandcontrolsystems.Forexample,a completeHFLunitmayconsistof15tubelines.TESSalsosuppliesjumpersfortopsideuse. Inrecentyears,oursubseaproductshavebeenusedontheNorwegiancontinentalshelfand inWestAfrica,RussiaandAustralia. During2013,itwasgainedordersfromAkerSolutionsincompleteumbilicalswithextrudedcovers. Scope is the largest of its kind since the subsea workshopwasestablishedin2007.Thestraininthe workshop has been steadily good throughout the year.Newreferenceswillstrengthenourpositionin themarket.TESSSubseaislocatedinthegeographicalSubseaValley,andhasainvolvementinthe AssociationSubseaValley.Accordingtothefuture plansTESSSubseawillbemovedtosomeofthe hallsinIndustrigata6(neighborestatetotheheadquarters)assoonastheyareavailable. EDIS is a group of collaborating European companies that exchange knowledge, solutions and technical competence relatingtotheindustry’sneeds.Allmembersalsoworkwithhosesandrelatedservices.Thegrouporganisescommonprocurement and product development for themembers,amongotherthings.TESS hasbeenamembersinceautumn1993. NAHAD isanAmericanassociationfor manufacturersandwholesalerswithinthe hoseindustry.Throughmembershipwith NAHAD, TESS has access to research and competence both within the hose industryandrelatingtointegratedsupply. TESShasbeenamembersince1993. ISA, previouslyIDA(USA)istheworld’slargestorganisationfordistributorsto theindustry.TESSbecameamemberof ISAintheautumnof1995andhasparticipatedinanumberofmeetingsandconferences. Through NAHAD and ISA, TESSalsohasaccesstoresearchresults from NAW (The American National AssociationofWholesaler-Distributors). Termination final assembly in the workshop of TESS Subsea. 46 TESS FACTS AND FI GUR ES 2013 Subsea Valley isaninterestorganisation forcompanieswithintheareaofsubsea technology located between Notodden andOslo.TESSismemberno.1. Historical highlights 1998 1999 2000 2001 A modest beginning with hoses at Aabysgt. 8 in Drammen. 2002 TESS from year to year 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 TekniskServiceasestablished10July1968. Openforbusinesson2September1968. SalesvolumeNOK480,000. Ourfirstemployeeappointment(2+1). Wesmelloil. Abreakthroughyear.Largerbusinesspremises. DepartmentinStavanger. Growth.5employees.Sales4.2million. Advancedspecialequipmentprocured. Lillehammerbranchisestablished.Sales13.9million. TESSBergen,ÅlesundandDrammenareestablished. CollaborationCCB-base.Largerbusinesspremises. TESSOsloandHønefossareestablished. 50employees.Salesapprox.20million. TESS+TekniskServicetotalsalesapprox.30mill. TekniskServicebecomesincreasinglymorewholesale. TESSTrondheimandGrenlandareestablished. TESSHamarisestablished.SalesTESS+Teknisk Serviceapprox.50million.60employees. TESSHaugesund,Florø,Elverum,Holmestrandand Moldeareestablished.TESSDrammen,Møreand Lillehammerexpand.Totalsalesexceed60million. FirstTESS10yearanniversary.TESSLysaker, Kristiansand,KristiansundandCCBareestablished. TESSHokksundisestablished.TekniskService15 yearanniversary.105employees.Continuedexpansion. TESSengrosas.TESSSandnesandKolbotnare established.Productrangeexpansions.Airtoolsand v-belts.Qualityassurance.97million. TESSData,Mongstad,Arendal,SpjelkavikandHorten areestablished. TESSGjøvik,Rana,Sogn,TønsbergandLarvikopened. TESSSandvikaisestablished. Atoughyear.Aturn-aroundoperationisimplemented. TESSSkien,Stjørdal,ØstfoldandUlsteinvikare established. TESSFlorø,Hamar,DrammenandLarvikarerelocated tolargerandmoremodernbusinesspremises. TESSKongsberg,SandefjordandMandalareestab lished.Jointventureagreementsareformed. Recordsalesvolume.Approx.225million.TESSOsloand Drammenrelocated.FrameworkagreementwithStatoil. TESSSteinkjerandNamsosareestablished. 25-yearanniversary.NewregionalcenterinStavanger. TESSProduksjon,JessheimandSkiisestablished. 220employees.NAHADmembership. TESSengrosasisapprovedbyDetNorskeVeritasfor qualityassuranceinaccordancewithISO9002. DepartmentsinBrumunddal,KollsnesandFlekkefjord areestablished.EDISmembership. TESSinStord(formerfranchise),TESSinHalden (AcquisitionofVesco),TESSinVerdal(Acquisitionof HBK),andTESSKarmøyandFarsundareestablished. PartnershopwithABB.ISAmembership. TESSproduksjonasapprovedbyDetNorskeVeritas forqualityassuranceinaccordancewithISO9002. TESSKokstad,Gardermoen,LadeandFredrikstad (acquisitionofICM)areestablished.CTYrkesklærin PorsgrunnbecomesTESS. TESSLillestrømandTjeldbergoddenareestablished. TESSCD-SERVICEwithelectronicproductcatalog. PartneringandInplantwithAker,MWSandRaufoss. 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 30yearanniversary−TESSTripleShow.TESSinÅl andKvinnheradareestablished.Acquisitionof SveisehusetStordAS.IndustrinettASisestablished. Oslorelocatesandexpands.490employees.Sales volume819million. TESSHerøyandVossareestablished.Norway’sfirst MROtradefair.PartnershopASisestablishedasanin dependentcompany.Bergenexpands. TESSVoldaandMoelvareestablished.Partneringand InplantwithElkem. TESSSunndalandÅsaneareestablished.Partnering withGEHydroSørumsandandMustad.MRO’01and onebillioncelebration.HistoricalagreementwithStatoil. MRO’02ontheCupFinalweek-end.Oslo25years. Rogaland30years.TheagreementswithStatoilare expanded.FrameworkagreementwithSmedvig/-Maersk. AcquisitionofSveisesenteretNorgeas. 35yearssinceTESSwasfounded.Overonebillionin salesvolumeforthefirsttime.QAiscertifiedbyDet NorskeVeritasinaccordancewiththeISO9001:2000 standard. MRO’04inBergen.NewERPsystem.Establishmentsin Herøya,AukraandHammerfest.PartnershopatDyneaASA inLillestrøm.JointventureagreementwithYarafor distributionofindustrialgasses. FirstTESSoutsideofNorway.Establishmentin Stenungsund,SwedenandAberdeen,Scotland.New divisionsinKnarvik,Tromsø,Dusavik,Orkanger,Otta andDokka. CrownPrinceHaakonvisitsTESSatONS.TESSService System(hosecontrolsystem)isoperational.Establishments inHorten(HIP),Vikersund,downtownDrammenand Fagernes. TakeoverofGlobalOffshoreSuppliesinEsbjerg (Denmark)andMyklebustHavnereparasjoner (Egersund).NewestablishmentsinØlen,Stange, Haram,Kongsvinger,Notodden,Sørlandsparken, Tynset,ÅndalsnesandTESSFMCPartnershopinSotra. NewservicecentersopeninKongsberg,Stryn,Årdal andKårstø.AcquisitionofFlorøForsyningsselskap andLierMaskinforretning.TESScelebrates40year anniversary.IndustryTradeFairno.11atExporama. NewservicecentersopenedinAskøy,Rørvik,Hadeland andStraume.Establishmentofsubseaproduction. NewservicecentersopenedinKongsgårdmoen, SløvågandFrakkagjerd.TESSheadquarteractivities weregatheredunderoneroofincludingwhollynew workshopfacilities.Firstlarge-scalesubseaorder. Memberno.1intheinterestorganization SubseaValley. PartnershopwithSchlumbergerinTanangeropened. Aquistioned50procentofBicinBrazil,renamedas BICTESS.HugeTHM-orderfromMaerskDrilling. Newservicesentres:Grorud,Moss,Klepp,Minnesund, AltaogSandnessjøen.Partnershop’sopenedwithNexans NorwayandWärtsiläNorway.Takesover96,4%in BICTESS.Newvaluablecollaborativeagreementswith Statoil,NorskeShellandFMCTechnologies. NewservicecentresinBodø,Vinstra,MåløyandTau. PartnershopscollaboratingwithNorskeSkogSaugbrugs andBolidenOdda.PurchaseofIndustrigata6–5,000square metrenewpremises.IndustriensMotemesseno.12at TelenorArena. Today’s modern TESS headquarter near Drammen, 40 km south of Oslo. 7 TESS FACTS AND FIGURES 20 13 n n n n n n n n n n TESS is a wholly Norwegian professional service company, established in 1968. Norway’s largest supplier of hoses for all purposes. TESS got 23 Hose Masters and 57 DNV approved hose fitters. More than 900 qualified employees. 70 internationally. Nationwide: Service centers and warehouses at more than 110 locations in Norway, as well as in Scotland (Aberdeen), Denmark (Esbjerg), Brazil (Macae and Rio) and USA (Houston). The company’s systems and procedures are certified in compliance with ISO 9001 and ISO 14001. TESS is a member of EDIS, NAHAD, ISA, NOSCA, the Tradebroker Foundation and Subsea Valley. TESS offers JIT, Partnering and different inventory management solutions. Norway’s largest supplier of welding machinery and welding consumables. TESS supplies subsea products. In Norway you will find TESS here Alta Arendal Aukra Bergen – Askøy Bergen – Kokstad Bergen – Kollsnes Bergen – Sotra/CCB Bergen – Straume Bergen – Åsane Bodø Brumunddal Bryne Dokka Drammen Egersund Elverum Fagernes Farsund Flekkefjord Florø Frakkagjerd Fredrikstad Førde Gjøvik Hadeland – Jaren Halden Moelv Molde Mongstad Moss Mysen Måløy Namsos Notodden Odda Orkanger Oslo - Alnabru Oslo - Grorud Oslo - Sentrum Otta Porsgrunn Raufoss Rørvik Sandefjord Sandnes Sandnessjøen Sandvika Sarpsborg Ski Sløvåg Sogndal Stange Hamar Hammerfest Haram Haugesund Herøy Hokksund Holmestrand Horten Hønefoss Jessheim Karmøy Kirkenes Klepp Knarvik Kongsberg Kongsberg FMC Kongsvinger Kristiansand S Kristiansund N Kvinnherad Kårstø Larvik Lillehammer Lillestrøm Minnesund Mo i Rana Stavanger – Tananger Stavanger – Dusavik Steinkjer Stjørdal Stord Stryn Sunndalsøra Tau Tromsø Trondheim Tynset Tønsberg Ulsteinvik Verdal Vikersund Vinstra Voss Ølensvåg Ørsta – Volda Ål Ålesund Åndalsnes Årdal You will also find us through our Partnershop collaborations with FMC Technolgies, Dynea, Nexans Norway, Wärtsilä Norway, Boliden Odda, Norske Skog Saugbrugs, Albert Kr. Hæhre and ABB. Toll free numbers: East region: 800 83 777 • West region: 800 84 333 • Rogaland region: 800 83 222 [email protected] [email protected] Phone: +47 32 84 40 00 Macae: [email protected] Rio de Janeiro: [email protected] Fax: +47 32 84 40 01 [email protected] www.tess.no Tess team dmk August 2013 - Trykk-Service as Facts about TESS
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