Moreld has entered into an agreement to acquire Ocean Installer, enhancing its service offerings and market presence in the offshore energy sector.
Information on the Target
Ocean Installer is a prominent entity in the marine construction and offshore energy sectors, founded in 2011 by the private equity firm HitecVision. Since its inception, it has established itself as a key player in the subsea installation market, focusing on the construction, installation, maintenance, and repair of offshore subsea infrastructure. This includes vital components such as subsea umbilicals, risers, and flowlines (SURF), along with mooring and FPSO tow operations, renewables, and inspection, maintenance, and repair (IRM).
Operating with a workforce of 280 employees, Ocean Installer is headquartered in Stavanger, Norway, and maintains additional offices in Oslo, Houston, Aberdeen, and Dubai. Its strategic growth aims to cater to the increasing demands of offshore energy and renewable sectors, positioning itself well for future expansion within these industries.
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Industry Overview in Norway
The offshore energy sector in Norway is highly developed, largely due to the country's substantial oil and gas reserves and its technological advancements in subsea engineering. Norway ranks among the leading nations in
Similar Deals
Moreld
invested in
Ocean Installer
in 2024
in a Buyout deal
Disclosed details
Transaction Size: $225M
Revenue: $600M