Solstad Subsea Acquires 35.8% Stake in Omega Subsea

Solstad Subsea, a subsidiary of Solstad Offshore, has announced the acquisition of a 35.8% shareholding in Omega Subsea, a leading provider of ROV and subsea services. The deal, which is set to bolster Solstad’s presence in the subsea services market, will see Omega Subsea taking full ownership of Omega Subsea Robotics.

Upon completion of the transaction, Omega Subsea will be owned by Omega (60%), Solstad Subsea (35.8%), and key employees of Omega Subsea (4.2%). The acquisition is subject to regulatory approvals and is expected to be finalized in the first quarter of 2025.

Omega Subsea Robotics, established in 2022 through a collaboration between Solstad Offshore and Omega Subsea, specializes in investing in state-of-the-art ROV systems and related equipment. The company’s fleet currently comprises 12 integrated and ordered ROV systems, with eight already operational on Solstad vessels and the remaining four slated for integration in 2025.

With a workforce of 400 employees, including partners and consultants, Omega Subsea is well-positioned to manage and operate the ROV systems within the Omega Subsea Robotics fleet. The company, founded in 2012, has a strong track record in delivering high-quality subsea services to clients across the industry.

Lars Peder Solstad, CEO of Solstad Offshore, expressed optimism about the growth potential in the subsea services market, citing investments in oil and gas as well as emerging opportunities in renewable energy infrastructure. The strategic investment in Omega Subsea is expected to enhance Solstad’s capabilities and enable the company to capitalize on the expanding market demand.