M&A Deal Summary

Subsea 7 Acquires 4Subsea

On October 3, 2019, Subsea 7 acquired information technology company 4Subsea

Acquisition Highlights
  • This is Subsea 7’s 1st transaction in the Information Technology sector.
  • This is Subsea 7’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-10-03
Target 4Subsea
Sector Information Technology
Buyer(s) Subsea 7
Deal Type Add-on Acquisition

Target

4Subsea

Asker, Norway
4Subsea is a provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. By combining expert engineering competence, operational experience, and digitalized decision support, The company ensures the integrity of subsea assets all the way from the reservoir to deck. 4Subsea was formed in 2007 and is based in Asker, Norway.

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Buyer(S) 1

Buyer

Subsea 7

Luxembourg, Luxembourg
Category Company
Founded 1993
Sector Construction
Employees8,349
Revenue 6.0B USD (2023)
DESCRIPTION

Subsea 7 is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. Subsea 7 was founded in 1993 and is headquarters in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Norway) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-30 Drill support ROV business

United Kingdom

drill support ROV business consisting of 82 remotely operated vehicles (ROVs), including 54 work class and 28 observation class, related contracts and employees, and significant subsea engineering, tooling, and products capabilities and capacity.

Sell $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Safe Marine Transfer

Houston, Texas, United States

Safe Marine Transfer delivers a full-service solution to increase subsea production by alleviating flow restrictions and increasing flow rates in existing subsea production lines, subsea gathering lines, and subsea trunk lines with a focus on safe subsea chemical injection to economically extend deepwater subsea tiebacks. Safe Marine Transfer was founded in 2012 and is based in Houston, Texas.

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