Solstad Offshore and Farstad Deep Sea Supply have completed their merger – with a new company named SolstadFarstad ASA set up today.
The merger means that the company is now the world’s largest offshore service vessel company.
The company’s new chief executive Lars Peder Solstad said: “We are operating in a tough market. As a merged company, we are better equipped to meet the challenges and the possibilities that will arise.
“With the merger, we may benefit from synergies through operation of a larger fleet, our collective competence and experience, and hence ensure profitable operations in the future.”
The company now owns a fleet of about 150 vessels, and it is active in all key offshore regions globally.
The company has offices in countries around the world including Norway – where the company is headquartered – Brazil, Australia and Scotland.
In a statement, the company said that it will be “business as usual” until further notice.
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