Ulstein Verft

Ulstein Group ASA

Type	Private
Industry	Shipbuilding, ship design, power and control, maritime systems and solutions
Founded	1917 (as Ulstein Mekaniske Verksted)
Headquarters	Ulstein, Norway
Key people	Gunvor Ulstein (CEO)
Products	Offshore vessels, ship designs and power & control solutions for the marine market.
Number of employees	approx. 600 (2017)
Website	www.ulstein.com

Ulstein Group is a group of companies that focus on various marine-related industries, but is mainly known for its ship building and ship design activities. The largest unit is Ulstein Verft AS. One recent delivery was the Service Operation Vessel 'Windea La Cour' (2016) which is operating at offshore wind farms offshore The Netherlands, the first vessel with not only the inverted bow, X-BOW, but also the X-STERN hull design shapes. The ship design unit, Ulstein Design & Solutions AS came up with the X-BOW design that in the shape of Bourbon Orca delivered in 2006 won the Ship of The Year Award both by Skipsrevyen and Offshore Support Journal. The group also includes companies working with power & control, system solutions and handling equipment for vessels servicing the maritime industries, including offshore renewables, offshore oil & gas, cruise and RoPax. Lately, the company has also been engaged in shipping. The company's head office and primary operations are located in the town of Ulsteinvik in the municipality of Ulstein in Møre og Romsdal county, Norway, an important area for the Norwegian maritime cluster, and with subsidiaries in several other countries.

Since 1917, ULSTEIN has been associated with innovation and quality in design and delivery. ULSTEIN meets the demanding marine and offshore challenges by embracing change and identifying opportunities.

The original company, Ulstein Mekaniske Verksted, was established in 1917 by Martin Ulstein. At age 23, he founded the company to modify local fishing boats, which were undergoing a global transition from sail-power to motorization. Martin Ulstein borrowed money from Ulstein Sparebank, with his father acting as guarantor, acquired 800 square metres (8,600 sq ft) of land from his uncle and set up shop with his brother-in-law and business partner Andreas Flø.

After Martin Ulstein's sudden death, his widow Inga took position as Head of the Board, a position she held for many years. Their six children, Dagny, Inger, Magnulf, Kolbein, Idar, and Ragnhild (especially Kolbein and Idar) were responsible for the growth of the company to an employer of around 2,800 people in 1992.

Vickers acquired Ulstein Group AS except the shipbuilding division in 1999, then Rolls-Royce acquired Vickers a few months later.