About Reach Subsea
Reach Subsea is a publicly listed company based in Haugesund (Norway) founded in 2008. Construction support, surveying, and decommissioning services are provided. The company has 105 employees. Reach Subsea has completed 3 acquisitions, including Guardian Geomatics, Octio and iSURVEY. Its chief executive, as recorded, is Jostein Alendal. Its focus areas include Real Estate and Construction, Construction Management Services, Diversified and Surveying & Mapping Services.
Company details
Reach Subsea was established in 2008 in Haugesund, Norway. Operations are conducted within the subsea sector, where construction support, surveying, and decommissioning services are delivered to clients in offshore environments. Expertise is applied to underwater infrastructure projects, ensuring compliance with industry standards. The company is led by CEO Jostein Alendal, with a focus on reliable service provision across Norwegian waters and international waters.
- Headquarters Haugesund, Norway
- Employees 105
- Stage Public
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website reachsubsea.no
- Social LinkedIn
- Legal Name Reach Subsea Asa
- Annual Revenue$264.9 M (USD)-1.56as on Dec 31, 2025
- Net Profit$10.73 M (USD)-47.38as on Dec 31, 2025
- EBITDA$113.1 M (USD)3.75as on Dec 31, 2025
- Latest Funding Round$12.26M (USD), Post-IPO
Feb 2023
- InvestorsWilhelmsen
& 1 more
- Employee Count105
- Investments & AcquisitionsGuardian Geomatics
& 2 more
Funding Insights of Reach Subsea
- Total Rounds 2
- Last Round Post-IPO — $12.26M
- Investors Count 2
All 2 funding rounds of Reach Subsea with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $12.26M | Post-IPO | – | – | |
| Feb 2022 | Post-IPO | – | – |
2 investors in total: 2 institutional.
Investors in Reach Subsea
Reach Subsea has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Wilhelmsen and North Energy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Exploration and Production in the Norwegian Continental Shelf and Barents sea | 2007 | northenergy.no | Oslo, Norway | |
Maritime services including shipping and logistics are provided by Wilhelmsen. | 1861 | wilhelmsen.com | Lysaker, Norway |
Investor details for Reach Subsea
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People of Reach Subsea
28 people are tracked at Reach Subsea (9 in leadership, 8 in board & advisors, 11 in team); the tracked headcount is 105.
| Name | Role | Group |
|---|---|---|
Jostein Alendal | CEO | Leadership |
Bjørg Mathisen Døving | Vice President Reach Remote | Leadership |
Knut Jakob Medhaug | Vice President Operations | Leadership |
Inge Grutle | COO | Leadership |
Birgitte W. Johansen | CFO | Leadership |
Bård Thuen Høgheim | Chief Commercial Officer | Leadership |
Audun Brandtzæg | Chief Technology Officer | Leadership |
Cleiver Moulin | Managing Director - Brazil | Leadership |
Tom Tveita | VP Group IT | Leadership |
Rachid Bendriss | Chairperson | Board & advisors |
Ingunn Ø Iveland | Board Member | Board & advisors |
Sverre B. Mikkelsen | Board Member | Board & advisors |
Anders Onarheim | Board Member | Board & advisors |
Kristine Skeie | Board Member | Board & advisors |
Arvid Pettersen | Board Member | Board & advisors |
Martha Kold Bakkevig | Board Member | Board & advisors |
Espen Gjerde | Member Board Of Directors | Board & advisors |
Elise Mørk Røed | HSEQ Manager | Team |
Anthony O'Reilly | Senior Hydrographic Data Processor | Team |
Sven Magne Storesund | Asset Manager | Team |
8 more people are available in the full profile.
Complete people profiles for Reach Subsea
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IPO & Listings of Reach Subsea
Reach Subsea is a publicly listed company on the OSL with ticker symbol REACH in Norway, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Jan 2021
- Listed onFRA: 4RS
- Listed entityReach Subsea ASA
- Exchange sectorEnergy minerals
- ISINNO0003117202
- Share price6.15 NOK (-0.16% on the day) · 2026-10-14
- Market capitalisation2,016,648,185.00 NOK
- Price to earnings11.2
- EPS (diluted, trailing year)-0.23 NOK
- Dividend yield6.86%
- Volume (last session)3,755
Financials of Reach Subsea
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 2.67B NOK | 108.1M NOK | 1.14B NOK |
| 2024 | 2.72B NOK | 205.4M NOK | 1.10B NOK |
| 2023 | 1.97B NOK | 225.8M NOK | 883.0M NOK |
| 2022 | 1.16B NOK | 72.2M NOK | 448.1M NOK |
| 2021 | 673.2M NOK | 93.8M NOK | 305.5M NOK |
Detailed financial statements for Reach Subsea
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Investments & Acquisitions by Reach Subsea
Reach Subsea has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Guardian Geomatics, Octio and iSURVEY.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Marine surveying is provided for offshore oil, gas, and renewables. | guardiangeomatics.com | Perth, Australia | 2018 | Nov 2023 | •••• | |
Real-time geophysical monitoring solutions for subsurface activities are provided. | octio.com | Bergen, Norway | 2007 | Mar 2022 | •••• | |
Survey and positioning services are provided for marine projects worldwide. | isurvey-group.com | Asker, Norway | 2004 | Feb 2021 | $15.18M |
Complete acquisition details for Reach Subsea
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Timeline of Reach Subsea
7 dated milestones of Reach Subsea across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Reach Subsea is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires iSURVEY.
- Funding First funding round.
- Acquisition Acquires Octio.
- Funding Latest funding round, Post-IPO, of $12.3M.
- Acquisition Acquires Guardian Geomatics.
Web traffic of Reach Subsea
The website of Reach Subsea (reachsubsea.no) receives about 9.6K visits a month.
- Monthly visits9.6K
▼ 14.2% vs previous month
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Frequently Asked Questions about Reach Subsea
Reach Subsea was founded in 2008 and raised its 1st funding round 14 years after it was founded.
Reach Subsea is headquartered in Haugesund, Norway. It is registered at Haugesund, Rogaland, Norway.
Jostein Alendal is the CEO of Reach Subsea, as recorded in our data.
Reach Subsea has 105 employees.
Annual revenue of Reach Subsea is $264.9M as on Dec 31, 2025.
Reach Subsea was established in 2008 in Haugesund, Norway. Operations are conducted within the subsea sector, where construction support, surveying, and decommissioning services are delivered to clients in offshore environments. Expertise is applied to underwater infrastructure projects, ensuring compliance with industry standards. The company is led by CEO Jostein Alendal, with a focus on reliable service provision across Norwegian waters and international waters.
Yes, Reach Subsea is publicly traded on OSL under the ticker symbol REACH.
Reach Subsea has made 3 acquisitions, including Guardian Geomatics, Octio, and iSURVEY.
Reach Subsea has 2 investors. Key investors include Wilhelmsen, and North Energy.