Company History and Ownership

DeepOcean Group Holding (DeepOcean) was established in May 2011 after the successful completion of the restructuring of its former parent company. DeepOcean is the parent company of the subsea services company DeepOcean AS and the cable lay and trenching company DO 1 UK Ltd.

DeepOcean offers the following five main service lines: (i) Inspection, Maintenance and Repair (IMR) including pipeline inspection, (ii) Seabed Intervention (incl. trenching), (iii) Subsea Installation (incl. SURF), (iv) Survey and Seabed-mapping and (v) Decommissioning.

DO 1 UK Ltd., formerly known as CTC Marine Projects Ltd., was established in 1993. Its initial core business was the provision of fibre optic cable lay and seabed intervention solutions for the global telecommunication market. Later, the company diversified and added cable lay and trenching services for the oil & gas, offshore renewables and interconnectors industries.

DeepOcean AS was established in 1999. It is founded on the provision of high quality equipment and subsea services combined with a team of highly experienced personnel with knowledge of deepwater operations. DeepOcean now has the track record and experience to take on deepwater assignments anywhere in the world.

Late 2016 Triton became the largest shareholder of DeepOcean.

 

About Triton

Building better businesses

DeepOcean is owned by Triton since 2016.

Triton is an international investment firm, founded in 1997. The company seeks to contribute to building better businesses for the longer term through partnership.

Triton invests in medium-sized businesses with management located in Europe that fall within the Industrial, Business Services and Consumer/Health sectors.

Triton funds’ approximately 100 investors include, among others, pension funds, sovereign wealth funds, insurance companies and endowments. Triton includes environmental, social and governance criteria into investment considerations and decision-making processes which help to capture long-term value.

Since its founding, Triton has completed more than 60 investments and supported more than 260 acquisitions.

For more information, please visit: www.triton-partners.com