Norwegian Offshore Rental (NOR) Expands into APAC Market with Clockwise Subsea Acquisition

Norwegian Offshore Rental (NOR) is making its mark in the Asia-Pacific (APAC) market with the recent acquisition of Clockwise Subsea. Clockwise Subsea is a leading provider of marine equipment rental and sales for the civil, marine, renewable, and oil & gas sectors in Singapore, Malaysia, and India.

The strategic acquisition aims to combine the expertise and resources of both companies from Asia and the North Sea to offer enhanced solutions to the global offshore industry. This move is geared towards creating a stronger, more competitive entity that can meet the evolving demands of the market.

“As part of this strategic move, NOR will be making a significant investment in Survey and Robotics in the region to enhance the group’s rental pool and service offerings,” stated Tore Gautesen, CEO of NOR.

“This acquisition not only increases product range and provided services but also improves response times and enhances the expertise of both teams by sharing best practices,” Gautesen added.

Both NOR and Clockwise Subsea share a commitment to quality and service excellence, especially in supporting the growth of the offshore wind and marine energy sectors.

Deon Brand, General Manager of Clockwise Subsea, mentioned plans to establish premises in Australia early this year, with other strategic locations also in the pipeline.

“By joining forces, NOR has demonstrated their faith in our team’s ability to deliver significant growth for NOR in the region. We’re excited at the prospect of offering our clients access to a greater pool of equipment, a more comprehensive suite of services, and improved project execution, ultimately driving greater value whilst maintaining our shared customer-focused mentality,” Brand expressed.