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For centuries the Ugland family has made their living from farming, forestry and shipbuilding. The famous local shipbuilder Halvor Olsen Ugland built the sailing ship FORTUNA in 1772. This was the start for the Ugland family in shipping.

Shipowner Jørgen H. Ugland sold off his shipping assets during the     1888 market peak. His son, Captain Johan M. Ugland, started the     family’s present involvement in shipping when he bought MV MELANIA in1930 and renamed the vessel SARITA after his wife. A/S Uglands Rederi, established the same year, is still the main shipping company     
in the present enterprise,The J.J. Ugland Companies (JJUC), named after J.J. Ugland, who joined A/S Uglands Rederi in 1947. He was active in the business for more than 60 years and the driving force behind the significant growth of the companies. His grandson, Knut N.T. Ugland, is currently the sole owner of JJUC. 

The headquarters of A.S Nymo, the EPC yard, is based at Ugland in Grimstad with facilities both in Grimstad and at Eydehavn near Arendal. The company was established in 1946 and acquired by Ugland in 1956. In 2006, the yard celebrated 50 years of Ugland ownership.