Omega Subsea Welcomes Solstad Offshore as Shareholder

Solstad Subsea Holding, a subsidiary of Solstad Offshore, has acquired a 35.8 percent ownership stake in Omega Subsea, marking a significant milestone in the collaboration between the two companies.


Omega Subsea has experienced significant growth in recent years, with revenue tripling since 2022. Photo: Hanna Maria van Zijp/ Omega 365 Design.


This investment strengthens Omega Subsea’s foundation for growth, paving the way for an expanded role in subsea services across oil and gas projects and renewable energy infrastructure.

“We are pleased to welcome Solstad Offshore as a shareholder. Their investment highlights the strength of our work and the value we bring to the subsea industry. This partnership will allow us to continue developing our services and meeting the needs of our clients,” says Trond Berge, General Manager of Omega Subsea.

Omega Subsea has experienced significant growth in recent years, with revenue tripling since 2022. This success has been driven by its strong cooperation with Solstad Offshore, providing ROVs, tooling, and skilled personnel to Solstad-operated vessels.

“The subsea market is evolving rapidly, and this agreement positions us to enhance our offerings. It’s a natural next step as we strive to deliver even greater value to our customers,” adds Berge.

Following the transaction, Omega Subsea’s shareholders will consist of Omega AS (60%), Solstad Subsea Holding AS (35.8%), and key employees of Omega Subsea (4.2%). Additionally, Omega Subsea will take full ownership of Omega Subsea Robotics, further strengthening its market position.

The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and final documentation.

“We look forward to continuing the collaboration with Solstad and further enhancing our position in the subsea services market,” Berge concludes.

Location: Norway