History
The 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, the company was run for a long duration by his wife, Inga Ulstein. Her 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.
The current CEO of Ulstein Group is Gunvor Ulstein, granddaughter of the late founder Martin Ulstein. Her brother, Tore Ulstein, is chairman of the board.
Read more about this topic: Ulstein Group
Famous quotes containing the word history:
“We don’t know when our name came into being or how some distant ancestor acquired it. We don’t understand our name at all, we don’t know its history and yet we bear it with exalted fidelity, we merge with it, we like it, we are ridiculously proud of it as if we had thought it up ourselves in a moment of brilliant inspiration.”
—Milan Kundera (b. 1929)
“The disadvantage of men not knowing the past is that they do not know the present. History is a hill or high point of vantage, from which alone men see the town in which they live or the age in which they are living.”
—Gilbert Keith Chesterton (1874–1936)
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)