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HitecVision Buys Deep Sea Mooring

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April 18
12:10 PM 2013

HitecVision was pleased to inform the public on its hundred percent acquisition of the Deep Sea Mooring. In 2008, Odfjell Drilling established Deep Sea Mooring (DSM) from a domestic mooring service provider to one of the top three service providers of mooring for exploration and production companies and rig owners in Norway. 

Senior Partner of HitecVision, Gunnar Halvorsen, commented, "We are impressed by the development of Deep Sea Mooring under Odfjell's ownership, and are pleased to have been entrusted by Odfjell to become the new owners of the company."

While the Vice President of Deep Sea Mooring, Åge Straume, added, "We have had a great cooperation with Odfjell as owner and customer, and look forward to a continued close relationship. HitecVision as a new owner is welcomed by both Deep Sea Mooring management and employees. We know HitecVision as a leading investor for our type of company, with a strong track record in this segment, and we have noted the success of previous investments. With this strong investor backing, we will be able to grow Deep Sea Mooring further as the preferred supplier of high quality mooring equipment, pre-lay mooring solutions and services to the oil and gas industry."

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