DeepOcean boosts digital subsea offering through acquisition

“Digitalisation of our subsea services and projects, autonomous capabilities and unmanned vessels are the cornerstones of our technology development strategy. Adding btwn’s competence and capacity will allow us to further ramp-up these efforts to the benefit of our customers,” says Øyvind Mikaelsen, CEO of DeepOcean.

In recent years, DeepOcean has successfully introduced digital twins and animations of subsea operations, and autonomous inspection drones, as part of its subsea offering with survey, IMR and construction work.

“btwn will strengthen our in-house development team and customer-facing digital innovation projects within all these areas. Further, our cooperation with the Remota JV, which provides Remote Operations Centers for maritime and offshore operations, complements this offering. Our primary focus is to help reduce operating costs and emissions for operators of offshore energy assets,” adds Mikaelsen.

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About btwn

DeepOcean acquires 100 percent of the shares in btwn from the company’s employees for an undisclosed amount. btwn is headquartered in Sandnes, Norway, and has 11 employees.

btwn – pronounced “between” – is a digital transformation company that specialises in replacing manual processes with automated solutions. The company has an extensive project track record from digital transformation activities within ocean-based industries such as renewable energy, oil and gas, aquaculture and maritime.

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Solid track record

For example, btwn has together with Aker BP developed a drilling simulator and onshore collaboration centre, and supported Westgass Hydrogen to provide technology solutions that support the efficient delivery of hydrogen for its filling stations and off-grid applications. btwn is also involved with a project to develop a control system for semi-autonomous offshore fish farms.

In addition to becoming an integrated part of DeepOcean’s digital innovation team, btwn will continue to operate as a stand-alone brand, serving the company’s current and other potential customers.

“DeepOcean and we share the view that digitalisation is the key to unlocking huge efficiency, safety and environmental gains for ocean-based industries. Becoming part of the DeepOcean team will enable us to jointly realise numerous technical and commercial synergies between the two companies, to our customers’ benefit,” says Stig Arne Nordli Andersen, CEO of btwn.

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(ENDS)

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For further media information, please contact:

Robert Kyei

M&A and Corporate Development| DeepOcean

M | +31 643 466 722

E | communications@deepoceangroup.com

About DeepOcean

DeepOcean is a world-leading ocean services provider, enabling energy transition and sustainable use of ocean resources, offering survey, engineering, project management, installation, maintenance, and recycling services for oil and gas, offshore renewables, deep sea minerals, and other ocean services.  

Across the global offices, DeepOcean is a trusted independent solutions provider with highly skilled industry experts, using world-class fit-for-purpose tools and technology to drive cost-efficient and safe operations. The company delivers innovative engineering solutions focusing on remote and unmanned operations and digitally-enabled services while continuously striving to lower the carbon footprint.

DeepOcean is owned by Triton, a leading European mid-market sector-specialist investor. As an active owner, Triton supports its portfolio companies to reach their full potential and works closely with DeepOcean to drive value creation. Founded in 1997, Triton invests in businesses that provide important goods and services in the Business Services, Industrial Tech, Healthcare, and Consumer sectors.