Viking Venture has acquired 40% of the shares in 4Subsea AS, headquartered in Asker, Norway. 4Subsea provides monitoring solutions, software and expert services for flexible risers and well intervention and wellhead systems. With revenue of NOK 106 million in 2013, the company is leading within its niches on the Norwegian continental shelf. This is the second investment in Viking Venture’s new investment concept.
The markets that 4Subsea serves is growing rapidly and the demand for the company’s services shows a steady increase. Viking Venture is investing in 4Subsea to assist the company with further development of integrated solutions and international expansion.