Ulstein Group is a group of companies that focus on various marine-related industries, but is mainly known for its shipbuilding and ship design activities. The largest unit is Ulstein Verft AS. 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. The group also includes companies working with power & control systems and solutions, engineering, site follow-up and aftermarket services. The company has also been engaged in shipping. History The original company, Ulstein Mekaniske Verksted, was established in 1917 by Martin Ulstein and his brother-in-law Andreas Flø. At age 23, Martin and Andreas 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 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 the 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 around 4,000 people at the end of the 1990s. Vickers acquired Ulstein Group AS except the shipbuilding division in 1999, then Rolls-Royce acquired Vickers a few months later. The new shipbuilding division was demerged and named UMV Holding and forms the basis for today’s new Ulstein Group. In 2000, the new design activity in Ulstein was established (currently: Ulstein Design & Solutions AS) which began developing Ulstein designs. The ULSTEIN X-BOW®, the inverted bow concept, redefined marine engineering. The bow concept was launched in 2005, together with the first shipbuilding contract, and gained immediate interest from shipowners. CEO of Ulstein Group is Cathrine Kristiseter Marti. Still family-owned, a representative of the third generation, Tore Ulstein, is chairman of the board. Divisions Ulstein Verft AS Ulstein Verft AS is a shipyard situated in Ulstein Group's primary base of operations, Ulsteinvik. Ulstein Verft was established in 1917, and is the largest employer in the group. The yard specialises in constructing advanced vessels, the latest being cable laying vessels, offshore wind service vessels, expedition cruise vessels, yachts and passenger (RoPax) vessels. Focusing on newbuilds and