Subsea Composite Solutions AS
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Subsea Composite Solutions AS - overview
Established
2005
Location
-, -, Norway
Primary Industry
Materials
About
Based in Vestland, Norway, and founded in 2005, Subsea Composite Solutions AS manufactures advanced composite products tailored for the subsea sector. In December 2024, DIAB Group AB, a portfolio company of Ratos, agreed to fully acquire Subsea Composite Solutions AS. Subsea Composite Solutions specializes in the manufacturing of advanced floating products and composite solutions specifically designed for the subsea industry. Their core product offerings include subsea buoyancy designs, such as BMTI® syntactic foam blocks, engineered for durability and sustainability in harsh underwater conditions.
These products aim to enhance clients' operational efficiency by providing long-lasting solutions that minimize the need for frequent replacements and maintenance. The company caters to a diverse clientele, including offshore oil and gas operators, marine construction firms, and underwater robotics manufacturers, primarily serving markets across Europe, North America, and parts of Asia. The revenue model for Subsea Composite Solutions is centred around direct sales and partnerships with businesses in the subsea sector. Transactions typically occur through B2B agreements, where the company collaborates with clients to deliver customized buoyancy solutions tailored to their operational needs.
Clients engage in one-off purchases or long-term contracts for consistent supply, particularly for flagship products like the BMTI® syntactic foam blocks.
Current Investors
DIAB Group AB
Primary Industry
Materials
Sub Industries
Materials
Website
www.scsolutions.no
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Subsea Composite Solutions AS - financials
| Fiscal Year Ended | 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) | 20,925,443 | - | 14,703,631 | 17,169,921 | 13,866,529 | 10,584,696 | 20,452,577 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 16.8% | (19.2%) | (23.7%) | 93.2% | - | - | - |
| EBITDA (USD) | 677,839 | - | (914,610) | 2,662,741 | 2,934,981 | (1,070,400) | 4,746,588 | - | - | - |
| Operating Income (USD) | 357,994 | - | (1,283,910) | 2,344,241 | 2,689,449 | (1,262,738) | 4,551,332 | - | - | - |
| Operating Margin | 1.7% | - | (8.7%) | 13.7% | 19.4% | (11.9%) | 22.3% | - | - | - |
| % EBITDA Margin | 3.2% | - | (6.2%) | 15.5% | 21.2% | (10.1%) | 23.2% | - | - | - |
| NET Income (USD) | 44,042 | - | (1,110,172) | 1,962,459 | 2,256,095 | (1,331,641) | 3,778,261 | - | - | - |
| % Net Margin | 0.2% | - | (7.6%) | 11.4% | 16.3% | (12.6%) | 18.5% | - | - | - |
Subsea Composite Solutions AS - 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 | Subsea Composite Solutions AS | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.