WMS has decided to sell its 82.5% share of the software company BASS to the BASS management team, owning the remaining 17.5% share. The agreement was concluded on 9 November.
The agreement is motivated by the fact that WMS no longer finds it suitable to be both an owner and a customer. Barber Ship Management, which is part of WMS, will still have contracts with BASS regarding different applications.
Per Steinar Upsaker will continue as managing director. There will be no changes in the company structure as a consequence of the agreement.