Klaksvíkar Sleipistøð (KSS), also popularly known as “Bedingin” (The Slipway), was founded in 1928 by the brothers Jógvan Kjølbro and Dávur úr Gerðum. They procured a slipway in Sweden, which they set up by the brook Ravnagil in Klaksvík, where it still stands to this day.
Later KSS became a part of the Kjølbro group of companies. As many other companies in the Faroes, it did not survive the economic crisis in the early 1990s.
In the wake of the company’s bankruptcy, 17 former KSS employees founded a limited company that took over the property and assets of KSS and started over again.
In 2011 all shares where transferred to Sp/f LGS, which established KSS as a limited company.