General – Acquisition
Moreld has entered into an agreement with HitecVision to acquire Ocean Installer, a marine construction company that serves the offshore energy sector.
The acquisition of Ocean Installer will expand Moreld’s service range into subsea engineering and construction services, create an engineering and project execution powerhouse with over 2,300 employees, expand long-term customer relationships, and position the company to benefit from significant investment in the NCS and global offshore markets.
“We are pleased to welcome Ocean Installer into the Moreld Group,” says Geir Austigard, CEO of Moreld. “This acquisition marks a significant step forward in our strategic growth plan and underlines our commitment to delivering exceptional value to our customers. Together, we will leverage our combined expertise and resources to drive innovation, expand our market reach, and create new opportunities for success. Ocean Installer is an excellent addition to the Moreld family and will further strengthen our international presence.”
The acquisition is expected to be finalized by end of June 2024.
