The Service of the Commission for the Protection of Competition has received a notification of a concentration by Johannes Østensjø DY AS, Solstad Operations Holding AS and DeepOcean AS, concerning the acquisition from the first two, of part of the share capital of DeepOcean InvestCo 3 AS.
Johannes Østensjø DY AS is a company duly registered under the laws of Norway and operates in the offshore and towing services industry.
Solstad Operations Holding AS is a company duly registered under the laws of Norway that owns a fleet of vessels engaged in oil-related operations, including installation, inspection and maintenance of subsea facilities, as well as traditional supply and anchor handling services.
DeepOcean AS is a company duly registered under the laws of Norway and owns 100% of the share capital of DeepOcean InvestCo 3 AS. DeepOcean AS is active in the oil and gas, offshore renewable energy, deep sea minerals and other non-energy industries.
DeepOcean InvestCo 3 AS is a company duly registered under the laws of Norway without any previous business activities. Upon completion of the merger, it will operate in manufacturing, owning and operating autonomous unmanned surface vehicles (USVs) and providing remote services to all related industries through a remote operation center ("ROC").
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