Triton completes acquisition of majority interest in DeepOcean

02.01.2017

Oslo (Norway) / Amsterdam (Netherlands), 2 January 2017 - Funds advised by Triton ("Triton") have completed the acquisition of majority interest in DeepOcean Group Holding B.V. (“DeepOcean”), a leading provider of subsea services for the oil & gas and renewables industries. The parties have agreed not to disclose the purchase price.

About DeepOcean

DeepOcean is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry. Demonstrating an extensive track record, DeepOcean Group offers a breadth of subsea services, including Survey and Seabed-mapping, Subsea Installation (SURF), Seabed Intervention, Inspection, Maintenance and Repair (IMR), and Decommissioning for the oil & gas, renewable and power transmission industries.

This strong portfolio of services, coupled with a fleet of 15 owned and chartered vessels and an extensive mission equipment portfolio comprising of 40 ROVs, 16 trenchers, 3 Module Handling Systems, 1 geotechnical drilling rig and several dredging and excavation systems, enables DeepOcean to bundle its subsea services to deliver cost-effective, tailored solutions to meet individual client needs.

DeepOcean strives for relentless customer focus and operational excellence, which is supported by a global team of highly professional and experienced project teams. The company delivers innovative engineering solutions and turnkey project management for complex offshore operations.

The company is a leading IMR Contractor and trenching operator in the Greater North Sea and has a global presence with eleven offices in Norway, UK, the Netherlands, Brazil, Mexico, Ghana, Dubai and Singapore.

For further information: www.deepoceangroup.com

About Triton

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of around €13.8 billion and around 76,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For further information: www.triton-partners.com

Press Contacts

Triton
Marcus Brans
Triton
Elin Otter