4Subsea today announced that it has been acquired by Subsea 7 in a 100% stock buyout. The acquisition will enable further enhancement and scaling of 4Subsea’s know-how, technology and services to a worldwide market.
Asker, Norway – October 3rd 2019: 4Subsea, a leading provider of technology and services to oil & gas and offshore wind operators worldwide, reports the acquisition of their company to Subsea 7. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea’s Peter Jenkins will continue in his role as CEO of the company.
Source: 4Subsea acquired by Subsea 7