Founded in Göteborg in 1841. Acquired Öresundsvarvet in 1940. Relocated the Göteborg yard in 1963 to a new site in nearby Arendal and renamed Götaverken Arendal. The original city yard was closed in 1967. Acquired Sölvesborgs Varv in 1973. Taken over by the state-owned Svenska Varv in 1977 and assigned control of Finnboda Varf. The yard was closed in 1989.