Investor Relations

Since its establishment in 2005, TS Group has grown to become a significant player with long-term framework agreements, dedicated professional environments and a strong market position based on expertise, flexibility and HSE focus.

As a Norwegian-owned, nationally anchored group with solid support from Telemark Group, as well as other sponsors, TS Group works purposefully to create lasting value for clients, employees and sponsors through sustainable growth and quality - both regionally and nationally.

The Group's business model combines long-term framework agreements, a broad service offering and continuous competence development to ensure predictable value creation and long-term competitiveness. The business is well diversified towards both Capex and Opex-driven activities within the upstream, mid and downstream segments of oil and gas, as well as the Norwegian process industry.

Annual report for 2025

The annual report for 2025 is now available. The report is published digitally and can be downloaded as a PDF in both Norwegian and English.

Read the digital edition here

Presentation of the board

Bjarne Moursund

Chairman

Bjarne Moursund (b. 1959) is Chairman of the Board of TS Group and Telemark Group, with broad experience in management, M&A and corporate development within oil & gas, defense, automotive parts production and renewable energy, including as former CEO of Bandak Group. He is a civil engineer with a research degree (Licentia technicae) from Chalmers University of Technology, and has a military and economic education.

Linn Solbakken

Board member

Linn Solbakken (b. 1986) is the Director of Business Development and Innovation at the Norwegian Public Roads Administration. She has experience from the technology and consulting sectors, and has led extensive growth and change processes, developed new services and strategic partnerships. She has a master's degree in social anthropology from NTNU and certifications in PRINCE2 and Prosci change management.

Bjørn Olafsson

Board member

Bjørn Olafsson (b. 1958) has senior management experience from finance, banking, insurance, telecom and oil/offshore, with expertise in transactions and start-ups. He also has experience as a management for hire, advisor and investor, and broad board experience nationally and internationally. Olafsson holds a Master of Business Administration degree.

Hege Wroldsen

Board member

Hege Wroldsen is the industry manager for the Critical Infrastructure segment in Microsoft Norway, with responsibility for strategic customers within energy, networks and critical infrastructure. She has broad experience with digital transformation, cloud technology and artificial intelligence, and works closely with leaders and partners to realize business value through technology. Hege holds a Bachelor's degree in International Business from the University of San Francisco, California, and a Master of Business Administration from Henley Management College in the UK.

Bjørnar Jakobsen

Observer

Bjørnar Jakobsen (b. 1968) sits as a shareholder-elected observer and represents the main shareholder Telemark Group AS as a partner and CEO, with over 30 years of experience in auditing, economics, finance and business development. He has had active roles as owner, CEO, CFO, board member and consultant in the establishment and development of businesses within economics, infrastructure, industry & energy and health & care, and has a bachelor's degree in economics, administration and auditing as well as education in business administration.

Aina Amundsen

Employee-elected board member

Jarl Romuld

Employee-elected board member

Edward Berglund

Employee-elected deputy member

Anne Kathrine Ellefsen

Employee-elected deputy member

Bjarne Moursund

Chairman

Bjarne Moursund (b. 1959) is Chairman of the Board of TS Group and Telemark Group, with broad experience in management, M&A and corporate development within oil & gas, defense, automotive parts production and renewable energy, including as former CEO of Bandak Group. He is a civil engineer with a research degree (Licentia technicae) from Chalmers University of Technology, and has a military and economic education.

Bjørn Olafsson

Board member

Bjørn Olafsson (b. 1958) has senior management experience from finance, banking, insurance, telecom and oil/offshore, with expertise in transactions and start-ups. He also has experience as a management for hire, advisor and investor, and broad board experience nationally and internationally. Olafsson holds a Master of Business Administration degree.

Linn Solbakken

Board member

Linn Solbakken (b. 1986) is the Director of Business Development and Innovation at the Norwegian Public Roads Administration. She has experience from the technology and consulting sectors, and has led extensive growth and change processes, developed new services and strategic partnerships. She has a master's degree in social anthropology from NTNU and certifications in PRINCE2 and Prosci change management.

Hege Wroldsen

Board member

Hege Wroldsen is the industry manager for the Critical Infrastructure segment in Microsoft Norway, with responsibility for strategic customers within energy, networks and critical infrastructure. She has broad experience with digital transformation, cloud technology and artificial intelligence, and works closely with leaders and partners to realize business value through technology. Hege holds a Bachelor's degree in International Business from the University of San Francisco, California, and a Master of Business Administration from Henley Management College in the UK.

Bjørnar Jakobsen

Observer

Bjørnar Jakobsen (b. 1968) sits as a shareholder-elected observer and represents the main shareholder Telemark Group AS as a partner and CEO, with over 30 years of experience in auditing, economics, finance and business development. He has had active roles as owner, CEO, CFO, board member and consultant in the establishment and development of businesses within economics, infrastructure, industry & energy and health & care, and has a bachelor's degree in economics, administration and auditing as well as education in business administration.

Aina Amundsen

Employee-elected board member

Jarl Romuld

Employee-elected board member

Edward Berglund

Employee-elected deputy member

Anne Kathrine Ellefsen

Employee-elected deputy member

Annual reports

TS Group's annual reports provide an overview of the group's financial development, strategy and key activities throughout the year. The report contains details on activity, investments, ownership structure, sustainability work and future goals, and gives investors and stakeholders a comprehensive picture of the group's performance and direction.