Wilhelmsen buys stake in Reach Subsea

Date March 08, 2022
Type M&A Transactions
Subtype Transaction agreement announced
Countries Norway
Subsectors Multisector
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Wilhelmsen has acquired a 21% stake in Reach Subsea ASA for NOK149.9 million (US$16.8 million). Together, Wilhelmsen and Reach will form a strategic partnership to commercialise the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.

Reach Subsea ASA offers subsea services as a subcontractor to energy clients, with its head office in Haugesund, Norway. 

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