The DeepOcean Group has acquired Installit to strengthen its offshore renewable offering
DeepOcean acquired Installit from Oslo-listed Endúr ASA, which is a leading supplier of construction and maintenance project sand services for marine infrastructure.
“The acquisition of Installit demonstrates DeepOcean’s focus on supporting and enabling the energy transition. It accentuates DeepOcean’s engineering competence in key growth areas and increases our competence base within offshore renewables,” said Øyvind Mikaelsen, CEO of DeepOcean.
Installit, which was founded in 2000 by an experienced team of personnel from the renewables industry, provides project management and engineering services within subsea cable installation and repair and marine operations for the marine and renewables industries.
”Installit’s expertise in high voltage cable installation and nearshore operations complements DeepOcean’s cable repair and renewables offerings. Together we will bring competitive solutions to the market,” said Mr Mikaelsen.
He said that going forward, Installit will be integrated into DeepOcean, operate under the DeepOcean brand and establish DeepOcean’s engineering hub in Oslo, Norway.
“DeepOcean is taking the necessary steps to provide an even more complete offering to clients in the offshore renewables industry. Alongside our continued core service segments of oil and gas, ocean solutions and increasing exposure to offshore renewables, we see great potential for the joint Installit andDeepOcean offering in the offshore renewables market,” he said.
DeepOcean’s acquisition of Installit follows last year’s move to establish the WindstallerAlliance together with Solstad Offshore and Aker Solutions.
The WindstallerAlliance aims to provide a complete product supply, fabrication and marine services offering within offshore wind and other offshore renewables segments.