DeepOcean Group Holding B.V.
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DeepOcean Group Holding B.V. - overview
Established
1993
Location
Oslo, -, Norway
Primary Industry
Oil & Gas
About
Based in Norway, DeepOcean Group Holding B. V. specializes in subsea and offshore operations, providing comprehensive solutions for the maritime industry through advanced technology and equipment. DeepOcean Group Holding B.
V. is a maritime services company focused on subsea and offshore operations. Founded in 1993 and headquartered in Oslo, Norway, the company has undergone significant changes in ownership, with Triton acquiring a majority stake in November 2016. CEO Jose Rocha has been leading the company’s strategic direction since the acquisition.
DeepOcean has successfully completed one notable deal as of November 24, 2016. DeepOcean offers a comprehensive suite of products and services tailored for the maritime industry, particularly in subsea and offshore operations. Specializing in full lifecycle solutions, the company provides project planning, engineering, execution, and decommissioning services. Their core offerings include advanced subsea remotely operated vehicles (ROVs), specialized vessels, and deep-sea tooling suited for various applications such as inspection, maintenance, and repair in challenging underwater environments.
Their clientele spans energy companies, telecommunications firms, and marine construction entities, with notable operations in the North Sea, Gulf of Mexico, and Asia-Pacific regions, emphasizing the company's commitment to addressing complex challenges in ocean industries. In 2023, DeepOcean reported a revenue of USD 617. 98 mn and an EBITDA of USD 208. 40 mn.
Their revenue model revolves around providing bespoke services to clients through contractual agreements for project-based work, primarily in business-to-business transactions for offshore projects, including the deployment of their vessels and ROVs. DeepOcean Group Holding B. V. is focused on expanding its services and geographic reach.
Plans include the development of new products and enhancing their existing offerings to meet the evolving demands of the maritime sector. The company aims to explore opportunities in emerging markets, particularly in regions experiencing growth in offshore activities, although specific target markets and timelines have not been disclosed. The funding from Triton's acquisition will support these strategic initiatives and facilitate further innovation within the company.
Current Investors
Triton
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.deepoceangroup.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
DeepOcean Group Holding B.V. - timeline of key events
DeepOcean Group Holding B.V. - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 513,167,000 | 609,331,000 | 634,877,000 | 411,368,000 | 401,531,000 | 429,268,000 | 505,817,000 | 490,394,000 | 352,490,000 | 483,737,000 | - | - | - |
| % Revenue Growth (YoY) | - | 18.7% | 4.2% | (35.2%) | (2.4%) | 6.9% | 17.8% | (3.0%) | (28.1%) | 37.2% | - | - | - |
| EBITDA (USD) | 53,449,000 | 88,780,000 | 80,649,000 | 32,222,000 | (94,422,000) | (13,117,000) | 3,974,000 | 3,585,000 | 31,698,000 | 121,405,000 | - | - | - |
| Operating Income (USD) | 21,335,000 | 48,394,000 | 37,626,000 | (13,572,000) | (136,775,000) | (43,787,000) | (25,775,000) | (23,952,000) | 14,128,000 | 49,916,000 | - | - | - |
| Operating Margin | 4.2% | 7.9% | 5.9% | (3.3%) | (34.1%) | (10.2%) | (5.1%) | (4.9%) | 4.0% | 10.3% | - | - | - |
| % EBITDA Margin | 10.4% | 14.6% | 12.7% | 7.8% | (23.5%) | (3.1%) | 0.8% | 0.7% | 9.0% | 25.1% | - | - | - |
| NET Income (USD) | 2,443,000 | 31,764,000 | 23,571,000 | (40,615,000) | (138,380,000) | (54,010,000) | (48,252,000) | (48,971,000) | (146,704,000) | 98,361,000 | - | - | - |
| % Net Margin | 0.5% | 5.2% | 3.7% | (9.9%) | (34.5%) | (12.6%) | (9.5%) | (10.0%) | (41.6%) | 20.3% | - | - | - |
DeepOcean Group Holding B.V. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Installit As | - | ||||||||
| Add-on, Trade Sale | Completed | Delta SubSea, LLC | - | ||||||||
| Buyout | Completed | DeepOcean Group Holding B.V. | - |
Displaying 1 - 3 of 3
DeepOcean Group Holding B.V. - employee data
DeepOcean Group Holding B.V. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM | ||||||
| Member of the Board | BM |
BM Board Member
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