4Subsea has acquired Astori AS, a Norwegian provider of subsea control systems for well intervention operations. Their automation and control technology ties into 4Subsea’s portfolio of decision support solutions for operators. Astori delivers unique subsea control systems for simplified XT installations that can operate all types of XTs from all main vendors, simplifying and reducing costs of subsea well intervention.
Acquisition to Strengthen Market Position with Consolidation in Supply Chain
With the inclusion of Astori’s technology and expertise into their team, 4Subsea further solidifies its position as an independent vendor helping operators optimise offshore operations with new technology and digital services. “With this acquisition we are building upon our strategy of delivering leading-edge monitoring and maintenance services that provide significant business value to operators – all the way from the reservoir to deck. We are pleased to have the excellent team of experts from Astori join us in developing innovative solutions for the industry going forward”, Peter Jenkins, CEO of 4 Subsea commented.
Read the full story on www. 4subsea.com. 4Subsea is a Viking Venture portfolio company.