Ocean Installer

Stavanger, Norway Founded: 2011 • Age: 15 yrs Acquired By Moreld
Subsea projects and marine construction services are executed.

About Ocean Installer

Ocean Installer is a company based in Stavanger (Norway) founded in 2011, and was acquired by Moreld in June 2024. Subsea projects and marine construction services are executed. The company has 103 employees. Its chief executive, as recorded, is Steinar Riise. Its legal entity is OceanInstaller AS.

Company details

Founded in 2011 and based in Stavanger, Norway, the company operates in the subsea and offshore sectors. Large-scale projects in challenging marine environments are managed, with services encompassing transport, installation, and full engineering, procurement, construction, and installation (EPCI) solutions. Expertise in subsea EPCI and offshore wind installations is applied through a flexible asset approach, while safety and quality standards are maintained across all operations.

  • Headquarters Stavanger, Norway
  • Employees 103
  • Stage Acquired
  • Email
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  • Website oceaninstaller.com
  • Social LinkedIn
  • Acquired by Moreld (Jun 2024)
  • Legal Name Oceaninstaller As
Key Metrics
  • Annual Revenue
    $245.37 M (USD)
    9
    as on Dec 31, 2022
  • Net Profit
    -$4.91 M (USD)
    -173
    as on Dec 31, 2022
  • EBITDA
    $50.63 M (USD)
    30
    as on Dec 31, 2022
  • Investors
  • Employee Count
    103
  • Acquired by
    Moreld

    (Jun 2024)

Investors in Ocean Installer

Ocean Installer has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Moreld.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Oilfield services are provided to energy sector clients worldwide.
2019moreld.comStavanger, Norway
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Investor details for Ocean Installer

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  • Round participation
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People of Ocean Installer

21 people are tracked at Ocean Installer (7 in leadership, 7 in board & advisors, 7 in team); the tracked headcount is 103.

NameRoleGroup
Steinar Riise
CEOLeadership
Stig Litlabø
Chief Commercial OfficerLeadership
Kevin Murphy
CEOLeadership
Emilie Reeve
CEO & EVP, Kontiki WindsLeadership
Ole Stølås
Chief HR OfficerLeadership
Håvard Strand
Chief Operating OfficerLeadership
Bjørn Kristian Røed
Group CFOLeadership
Jennifer Hanners
Non-Executive DirectorBoard & advisors
Kjell-Erik Endresen
Non-Executive DirectorBoard & advisors
Christopher Hunt
Non-Executive DirectorBoard & advisors
Arne Sigve Nylund
ChairBoard & advisors
Massimo Mondazzi
Non-executive DirectorBoard & advisors
Nina El-Imad
Non-executive DirectorBoard & advisors
Tor Espedal
Non-executive DirectorBoard & advisors
Ronald Hanks
Business Development ManagerTeam
Anne Reid
CAD DesignerTeam
Sarah Cardno
Contracts LeadTeam
Anneli Ramsland
Procurement CoordinatorTeam
Julie Milne
Proposals ManagerTeam
Tam Mooney
Senior CAD Designer (project Lead)Team

1 more people are available in the full profile.

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Complete people profiles for Ocean Installer

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  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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Timeline of Ocean Installer

2 dated milestones of Ocean Installer across 13 years, from founding to its latest funding, stage changes and deals.

  1. Founded Ocean Installer is founded.
  2. Exit Acquired by Moreld.

Web traffic of Ocean Installer

The website of Ocean Installer (oceaninstaller.com) receives about 1.8K visits a month.

  • Monthly visits
    1.8K

    ▼ 34.4% vs previous month

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Frequently Asked Questions about Ocean Installer

Ocean Installer was founded in 2011.

Ocean Installer is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.

Steinar Riise is the CEO of Ocean Installer, as recorded in our data.

Ocean Installer has 103 employees.

Annual revenue of Ocean Installer is $245.37M as on Dec 31, 2022.

Founded in 2011 and based in Stavanger, Norway, the company operates in the subsea and offshore sectors. Large-scale projects in challenging marine environments are managed, with services encompassing transport, installation, and full engineering, procurement, construction, and installation (EPCI) solutions. Expertise in subsea EPCI and offshore wind installations is applied through a flexible asset approach, while safety and quality standards are maintained across all operations.

Ocean Installer has 1 investor. Key investors include Moreld.

Ocean Installer operates through Oceaninstaller As.

Yes. Ocean Installer was acquired by Moreld in June 2024.

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