HAV Group ASA: Subsidiary secures contract for three navigation systems to Tersan Shipyard

Fosnavåg, 19 August 2025 – HAV Group’s energy design and smart control systems business has signed a contract with Tersan Shipyard to supply three complete “Raven” integrated navigation systems (INS), to be installed on three ferries under construction at the yard.

Raven INS is NES’ integrated navigation platform. An integrated navigation system (INS) combines radar, electronic chart display and information system (ECDIS), autopilot/trackpilot, alarms, and relevant sensor data into a single common user interface on the bridge. With INS, navigators have control and situational awareness on the same screens, regardless of bridge layout.

In this contract, Raven INS will be delivered as a stand-alone solution without a bridge console. Delivery and testing will start in the second half of 2026. The total contract value for such a delivery is normally between NOK 10 and 15 million.

“Securing a stand-alone bridge system sale is an important milestone for us and in line with the strategy we have pursued for some time,” says Siv Remøy-Vangen, CEO of HAV Group’s energy design and smart control systems business.
The sale confirms that the investment in the in-house developed Raven INS platform was the right choice, and that the market is demanding solutions that are holistic, modern, and developed with the end user in mind.

HAV Group’s contracting party is Norwegian Electric Systems AS (NES).

“This contract is further proof that our technology meets the maritime industry’s needs. It is gratifying to see that our subsidiary NES is succeeding with products that combine forward-looking technology with user-friendliness and scalability,” says Gunnar Larsen, CEO of HAV Group ASA.

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For further information, please contact:
Gunnar Larsen, CEO
gunnar.larsen@havgroup.no
+47 901 05 694

About HAV Group | www.havgroup.no
HAV Group and its subsidiaries (“HAV Group”) are an international provider of technology and services for the maritime and marine industries. HAV Group has decades of industry experience, as well as specialist expertise in guiding the marine and maritime industries through the green transition and towards the goal of zero emissions. HAV Group ASA is listed on Euronext Growth under the ticker HAV.