Add-on Acquisition • Information Technology

Subsea 7 Acquires 4Subsea

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

Acquisition Context

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

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M&A Deal Summary
Date	October 3, 2019
Target	4Subsea
Sector	Information Technology
Buyer(s)	Subsea 7
Deal Type	Add-on Acquisition

Target Company

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 Overview 1

Buyer

Subsea 7

Luxembourg, Luxembourg

Category	Company
Founded	1993
Sector	Construction
Employees	8,349
Revenue	6.8B USD (2024)

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 headquartered in Luxembourg City, Luxembourg.

Deal Context for Buyer	#
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

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.	Buy	-

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.

Buy

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