Norwegian Offshore Rental (NOR) Acquires Asia Based Clockwise Subsea

The strategic acquisition is combining Asia and the North Sea expertise and resources to deliver enhanced solutions for the global offshore industry. This acquisition aims to create a stronger, more competitive entity poised to meet the evolving demands of the market.




Several good years give Norwegian Offshore Rental (NOR) the opportunity to expand further. The company is now acquiring Clockwise Subsea, which is based in Singapore, Malaysia and India.
– I am very proud to announce that NOR is entering the APAC market and joining forces with Clockwise Subsea, says CEO, Tore Gautesen.

Sharing best practices
Clockwise Subsea currently operates offices in Singapore, Malaysia and India, providing specialized marine rental solutions to clients across the region. With this acquisition, NOR will be striving for further growth to allow the servicing of a larger and more diverse clientele as well as to better serve existing clients.
– 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. 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, says Gautesen.

Unanimous commitment
The combined leadership team brings a wealth of experience and knowledge, allowing for a swift entrance into the Asian market. By leveraging their diverse backgrounds, they will effectively navigate differences in work practices and cultures, ensuring a smooth integration and operational excellence. The acquisition will enable NOR to expand its customer base and better serve its existing clients with a strong presence across the APAC region.
– With Clockwise Subsea's market position in the APAC region, their experienced team and great expertise, we are accelerating our goal of expanding globally. We look forward to working closely with our customers and partners – served from the APAC locations, says Gautesen.
– 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. We will continue to expand in the region under the NOR brand not least by setting up premises in Australia early this year as well as other strategic locations, says Deon Brand, General Manager of Clockwise Subsea.
There is a unanimous commitment to quality and service excellence shared between the organizations, particularly in supporting the growth in offshore wind and marine energy sectors, which are gaining traction and expected to play a vital role in the energy landscape.

About NOR Offshore Rental
NOR Offshore Rental is a leading provider of rental equipment solutions and services to the offshore, subsea and renewable energy industries. Headquartered in Norway, the company specializes in delivering high-quality solutions tailored to meet the demands of its clients worldwide. With a strong focus on innovation, sustainability and customer satisfaction, NOR Offshore Rental has established itself as a trusted partner in the global offshore industry. NOR is located in Haugesund (Norway), Stavanger (Norway), Aberdeen (UK) and Rio de Janeiro (Brazil). Established in 2011, NOR serves customers across all continents and offers one of the largest and most modern fleets of rental equipment.

About Clockwise Subsea Pte Ltd
Established in 2017. Provides the rental and sale of marine equipment to the civil, marine, renewable, and oil and gas sectors; through our pool of low-age, well-maintained assets and relationships with OEMs and partners who share our philosophy; fuss-free, reliable services tailored to clients’ requirements.



Location: Asia