Marine contractor Subsea 7 has acquired a 100% stake in 4Subsea, a provider of technology and services to the global offshore energy sector.
4Subsea will function autonomously within Subsea 7, maintaining an independent business and management team and company chief executive Peter Jenkins (pictured) will continue in the role.
The companies will continue to focus on monitoring of key operational data on Subsea 7 vessels, contributing to the digitalisation of its marine operations.
4Subsea will contribute algorithms and artificial intelligence based software modelling that will be used to create digital twins to “optimise marine activities”.
Subsea 7 alliances and strategy vice president Stuart Fitzgerald said: “We regard the acquisition of 4Subsea as an important opportunity for Subsea 7 to expand its digital capability and offering.
“4Subsea digital insights will create value for Subsea 7 in both our services provided to customers, and to improve efficiency within our own operations and delivery.”