Add-on Acquisition • Marine

DeepOcean Acquires Searov Offshore SAS

On July 30, 2017, DeepOcean acquired marine company Searov Offshore SAS

Acquisition Context
  • This is DeepOcean’s 1st transaction in the Marine sector.
  • This is DeepOcean’s 1st transaction in France.

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M&A Deal Summary

Date July 30, 2017
Target Searov Offshore SAS
Sector Marine
Buyer(s) DeepOcean
Deal Type Add-on Acquisition

Target Company

Searov Offshore SAS

Frontignan, France
Searov Offshore SAS is a French company specialised in inspection and submarine work by underwater robots or ROV (Remote Operated Vehicle) with operational in Europe and Africa using local branches in the Congo and Gabon to ensure rapid response, logistical support and quality of operational monitoring.
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Buyer Overview 1

Buyer

DeepOcean

Haugesund, Norway

Category Company
Founded 1999
Sector Energy Services and Equipment
Employees1,033
Revenue 413M EUR (2021)
DESCRIPTION

DeepOcean is a provider of safe, high quality, innovative services and technologies for the subsea industry. DeepOcean offers a breadth of subsea services, including Survey and Seabed-mapping, Subsea Installation (SURF), Seabed Intervention, Inspection, Maintenance and Repair (IMR), and Decommissioning for the oil & gas, renewable and power transmission industries. DeepOcean was founded in 1999 and is based in Haugesund, Norway.


Deal Context for Buyer #
Overall 1 of 2
Sector: Marine 1 of 2
Type: Add-on Acquisition 1 of 2
Country: France 1 of 1
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-22 Shelf Subsea

Osborne Park, Australia

Shelf Subsea is a commercial diving, engineering, project management, and marine support & logistics company, specializing in air and saturation diving operations primarily for the Oil & Gas and Marine Construction industries. Shelf Subsea is based in Osborne Park, Australia.

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