1st September :
The three brothers Tom, André, and Bjørn Heramb become the new owners of Karl M. Gulbrandsen stansefabrikk A/S. Previous owner Frank Nyland retires after leading the company for 21 years.

Bjørn Heramb was hired at KMG as a tool maker trainee September 1st 1988, and got his certificate of apprenticeship in 1990. His older brother André Heramb was hired as a tool maker trainee June 11th 1990, and got his certificate of apprenticeship in 1992. Both brothers attended evening school at NKI-Ingeniørhøgskolen at Bekkestua from 1989 to 1994, and finished their education as tool makers by the spring of 1994. Bjørn specialized in mechanics and André in economics.

Tom Heramb did his apprenticeship at Norwesco A/S, also studying tool making. Tom got his certificate of apprenticeship in 1990, and then joined the marine. He studied to become a mechatronics engineer at Oslo Ingeniørhøgskole from 1991 to 1996.