The Stamas Group was established in 2001, with its subsidiary Stamas Engineering being founded in 2006 and Stamas Holding AS in 2008. The Group bought Normek Industri Service (Stamas Production AS) in 2012. The Stamas Group had a turnover of NOK 109 million in 2012 a budget of NOK 135 million for 2013. The Group has 60 employees doing machining, engineering and welding services for the oil and gas industries. A full 100% of all shares in the company are owned by the employees.