Hansen Protection

In February 2011 Montagu completed the acquisition of Helly Hansen Pro, subsequently rebranded Hansen Protection, from the Helly Hansen Group.

Hansen Protection, headquartered in Moss, Norway, has c.140 employees and is predominantly active in the Nordic region. It is organised in three main business segments: survival suit rental, used by personnel in their transport between land and offshore installations (oil and gas rigs), personal protection suits, used in other marine and hazardous environments (navy, chemical plants, fire brigades) and pro textiles, which includes boat canopies and products for the agriculture, industry and health sectors.

Montagu was attracted to Hansen Protection's defensive characteristics with high levels of recurring revenues and strong, long-term customer relationships. These features, combined with a highly motivated and experienced management team and Montagu's previous experience in the sector, made us comfortable with the business and excited about its growth prospects.

With the support of Montagu, Hansen Protection will over the coming years focus on improving its offering to strengthen its market position in existing geographies and product and service areas. In addition, Montagu will provide support to the Company in its pursuit of new growth opportunities.