4Subsea Aquired by Subsea 7
Our cluster member 4Subsea announces that they have been acquired by Subsea 7 in a 100% stock buyout.
The acquisition will enable further enhancement and scaling of 4Subsea’s know-how, technology and services to a worldwide market. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team.
4Subsea aims to combine their ability to deliver quick and targeted business value within well intervention, drilling, subsea operations, and offshore wind combined with Subsea 7’s strong position as a leading player within the subsea and renewables market.
With the use of advanced algorithms and artificial intelligence, 4Subsea will deliver key insights and decision support with digital twins, in order to optimise these activities.
4Subsea at Tech & Business Day
4Subsea will present at our Tech & Business Day 21 October at DNB’s venue in Bergen with their keynote theme «Big data vs. smart data – how to deliver key decision support to energy operators with digital twins» by Ignacio Marré, EVP, 4Subsea.
We congratulate 4Subsea and Subsea 7.