Torghatten AB signs contract with Työvene for two battery-hybrid passenger vessels

FerryDefense and security technology group Summa Defence's target company Uudenkaupungin Työvene has signed a contract to build two battery-hybrid passenger vessels for Torghatten AB. The Multi Maritime AS-designed vessels will operate on Sweden's west coast between Strömstad and the Koster islands.

The total contract value exceeds EUR 20 million.

"Our target companies' order backlog is already EUR 200 million, and this order further strengthens it. Our target companies possess tremendous expertise and potential, and together with Summa Defence, operations and production can be scaled up significantly," states Jussi Holopainen, CEO of Summa Defence.

The target companies of Summa Defence include Lännen Tractors, Aquamec, Uudenkaupungin Työvene, IntLog and Lightspace Technologies. These companies are expected to become subsidiaries of Summa Defence Group tentatively in April 2025 in the execution of the share exchange transactions announced on 29 January 2025.

Earlier news from 9 May 2024:
Torghatten won its first ferry contract in Sweden https://www.shippax.com/en/news/torghatten-won-its-first-ferry-contract-in-sweden.aspx

Feb 27 2025