NOKAS
Encyclopedia
Nokas AS is a Norwegian
security company established in 1987 as Vakt Service AS. The company is headquartered in Tonsberg (Norway). The largest shareholders is Orkla ASA and Wang Invest AS who are owned by Heine Wang, who is the company's CEO. Paal Wang, who is Executive Director, has a stake through his company PTW Holding AS.
19.08.2010 the group changed its name from Vakt Service AS to Nokas AS. The group is divided into two divisions, Nokas Cash Handling and Nokas Security. This is according to the CEO Heine Wang: "The Group is in a European market. We established operations in Sweden in 2008 and Denmark in this year. It was therefore necessary to have a stronger name. Vakt Service also provides associations that we are exclusively engaged in security. The business Guard is obviously still a very important priority, but not the only one explains Wang."
Vakt Service acquired 100% of the shares in the Norsk Kontantservice
(Nokas Cash Handling) in October 2007, while DnB NOR Bank ASA
had a stake of 4.7% in Vakt Service. In May 2007, Vakt Service AS 40.3% stake in Nokas after having taken over the Terra Group
's ownership interest.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
security company established in 1987 as Vakt Service AS. The company is headquartered in Tonsberg (Norway). The largest shareholders is Orkla ASA and Wang Invest AS who are owned by Heine Wang, who is the company's CEO. Paal Wang, who is Executive Director, has a stake through his company PTW Holding AS.
19.08.2010 the group changed its name from Vakt Service AS to Nokas AS. The group is divided into two divisions, Nokas Cash Handling and Nokas Security. This is according to the CEO Heine Wang: "The Group is in a European market. We established operations in Sweden in 2008 and Denmark in this year. It was therefore necessary to have a stronger name. Vakt Service also provides associations that we are exclusively engaged in security. The business Guard is obviously still a very important priority, but not the only one explains Wang."
Vakt Service acquired 100% of the shares in the Norsk Kontantservice
Norsk Kontantservice
Nokas Cash Handling is a Norwegian company offering management, control and distribution of cash to Norwegian banks. The company is owned 100% by Nokas AS and headquartered in Oslo...
(Nokas Cash Handling) in October 2007, while DnB NOR Bank ASA
DnB NOR
DNB ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion and a market capitalisation NOK 102 billion as per December the 31st. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson...
had a stake of 4.7% in Vakt Service. In May 2007, Vakt Service AS 40.3% stake in Nokas after having taken over the Terra Group
Terra-Gruppen
Terra-Gruppen, branded as Terra is an alliance between 77 Norwegian savings banks. Terra-Gruppen is a strategic alliance of local Norwegian savings banks, and co-ordinates work within the areas defined as falling within the alliance. The group supplies competitive products and services to banks and...
's ownership interest.