DeepOcean investment completed

Industry Database

The Triton investment firm has completed its investment in DeepOcean Group Holding, a leading provider of subsea services for the oil, gas and renewables industries.

DeepOcean said that through the substantial equity raised by the investment, DeepOcean is well positioned to weather the downturn in the oil and gas markets and to take advantage of growth opportunities in renewables.

The company is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry in the Greater North Sea.

It offers a breadth of subsea services, including survey and seabed-mapping, subsea installation (SURF), seabed intervention, Inspection, maintenance and repair and decommissioning for the oil and gas, renewable and power transmission industries.

DeepOcean has a fleet of 15 owned and chartered vessels and an extensive mission equipment portfolio comprising of 40 ROVs, 16 trenchers, three Module Handling Systems, one geotechnical drilling rig and several dredging and excavation systems.

The 28 companies currently in Triton's portfolio have combined sales of over €13.4 billion and around 75,000 employees.

By Anne-Marie Causer

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