Diab Group Acquires Subsea Composite Solutions to Enhance Buoyancy Services
Deal News | Dec 18, 2024 | Ratos
Diab Group, a subsidiary of the private equity firm Ratos, has announced the acquisition of Subsea Composite Solutions AS. This strategic acquisition of 100% of the company is aimed at expanding Diab Group's offering in the subsea buoyancy services sphere. The deal is expected to strengthen Diab's global standing as a leading provider of subsea buoyancy solutions. The acquisition aligns with Diab's goal to broaden its geographical reach and clientele in the subsea sector, ensuring enhanced service offerings and technical expertise. This move indicates Diab's proactive strategy in solidifying its presence in the subsea buoyancy market by integrating SCS's capabilities and solutions into its operations.
Sectors
- Subsea Engineering
- Private Equity
Geography
- Norway – Subsea Composite Solutions AS is presumably based in Norway, indicating the geographical relevance of the transaction.
- Global – Diab Group aims to strengthen its global position in subsea buoyancy solutions, implying a global geographical interest.
Industry
- Subsea Engineering – The acquisition is directly relevant to the subsea engineering industry as it involves the expansion of offerings in subsea buoyancy services.
- Private Equity – Ratos, a private equity firm, is backing Diab Group, indicating the article's relevance to the private equity sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Diab Group | Bidding Company | Company | A global provider of core materials primarily used in composite structures, now expanding into subsea buoyancy services. |
| Ratos | Private Equity Firm | Company | A private equity firm backing Diab Group in the acquisition of Subsea Composite Solutions AS. |
| Subsea Composite Solutions AS | Target Company | Company | A company specializing in subsea composite solutions, acquired by Diab Group to enhance its subsea buoyancy service offerings. |