As many other small repair yards in Norway, Løland Motorverksted also started constructing vessels and the first newbuilding “Loftesnesferja” was delivered in 1938.

The activity grew over the years and a new and modern shipyard was constructed in 1976. The shipyard was bought by Kleven with partners in 1979 and became a member of the Kværner Group in 1990. The shipyard became renowned as a high quality builder of offshore and fishing vessels and a specialist in building offshore vessels with ice breaking capabilities.

In 2000 Per Sævik, through his company Havila, bought the shipyard from the Kværner Group and founded Havyard Leirvik. Per Sævik was an experienced sailor and operator of fishing and offshore vessels and has founded several shipping companies, including Havila Shipping ASA which is noted on the Oslo Stock Exchange.

In 2000 Havyard Groups only activity was shipbuilding at the shipyard in Leirvik. The revenue in 2000 was NOK 531 million and the No. of employees about 170. The strategy of the company was to take control of a larger part of the ship technology value chain and in 2005 the ship design company Leine Maritime was acquired. With this acquisition, the Havyard designTM was born, adding considerable speed to the growth of the company. Furthermore, several new companies were founded or acquired and the range of products and services grew.

A milestone in the company’s history was when the first Havyard designed vessel, a Havyard 842 Anchor Handling Tug Supply vessel was delivered. Another milestone was when Havyard's NB 088, a Havyard 858 Diving Support Vessel got the Offshore Support Journal’s (OSJ) “Offshore Support Vessel of the Year Award” in 2011.

The expansion in product portfolio and market shares world-wide has continued the growth of the companyand the international ship technology Group had in 2013 a revenue of NOK 1 966 million and about 750 employees in Norway, Peru, Brazil, Poland, Croatia, Turkey and China.

In 2014 the company was listed on the Oslo Stock Exchange.