Subsea 7 announced in a statement published on October 3, 2019 that it has acquired 4Subsea, a leading provider of technology and services.
Subsea 7 clarified that 4Subsea will support it in delivering advanced digital solutions to customers within Life of Field and Field Development contracts and will be a key contributor to the ongoing digital transformation of Subsea 7 business delivery.
Stuart Fitzgerald, Executive VP of Alliances and Strategy at Subsea 7, said, “We regard the acquisition of 4Subsea as an important opportunity for Subsea 7 to expand its digital capability and offering. 4Subsea digital insights will create value for Subsea 7 in both our services provided to customers, and to improve efficiency within our own operations and delivery.”
An early priority project will be a joint effort between Subsea 7 and 4Subsea towards monitoring key operational data on Subsea 7 vessels, contributing to the digitization of its marine operations. With the use of advanced algorithms and artificial intelligence, 4Subsea will deliver key insights and decision support with digital twins, in order to optimize these activities.
According to the firm’s statement, 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team.