About Transocean
Transocean is a company based in Zug (Switzerland) founded in 1953.. The company has 5,800 employees as of December 31, 2024. Transocean has completed 2 acquisitions, including Aker Drilling and Songa Offshore. Transocean offers products and services including Offshore Drilling Services and Fleet Management Services.
- Headquarter Zug, Switzerland
- Employees 5800 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Transocean Ltd (Switzerland)
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Annual Revenue
$3.52 B24.44as on Dec 31, 2024
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Net Profit
$-512 M46.33as on Dec 31, 2024
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EBITDA
$1.11 B56.82as on Dec 31, 2024
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Latest Funding Round
$1.36 B (USD), Debt – Conventional
May 14, 2019
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Investors
Granite Investment Advisors
& 1 more
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Employee Count
5800
as on Dec 31, 2024
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Investments & Acquisitions
Aker Drilling
& 1 more
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IPO & Listings of Transocean
Transocean is a publicly listed company on the NYSE with ticker symbol RIG in USA, operating in the Industrial services 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.
Products & Services of Transocean
Transocean offers a comprehensive portfolio of products and services, including Offshore Drilling Services and Fleet Management Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Drilling services are offered in deepwater and harsh environments to meet customer requirements for well drilling.
Rig fleets are managed for global operations, including ultra-deepwater and harsh-environment assets.
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Software Development Team
45 people
Leadership Team
31 people
Finance and Accounting
26 people
Operations Team
20 people
Senior Team
17 people
Human Resources and Administration
16 people
Sales and Marketing
13 people
Legal and Compliance
8 people
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Funding Insights of Transocean
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $1.4B
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First Round
First Round
(01 Oct 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Debt – Conventional - Transocean | Valuation |
investors |
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| Jun, 2017 | Amount | Post-IPO - Transocean | Valuation |
investors |
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| Nov, 2016 | Amount | Debt – Conventional - Transocean | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Transocean
Transocean has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Granite Investment Advisors and MEAG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Clean energy investments are managed diversely through funds by MEAG.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Transocean
Transocean has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Aker Drilling and Songa Offshore. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Drilling rig provider for harsh environments and ultra-deep water drilling
|
2005 | ||||
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Offshore drilling services are provided internationally by Songa Offshore.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Transocean
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Transocean Comparisons
Competitors of Transocean
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Transocean
Frequently Asked Questions about Transocean
When was Transocean founded?
Transocean was founded in 1953 and raised its 1st funding round 63 years after it was founded.
Where is Transocean located?
Transocean is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
How many employees does Transocean have?
As of Dec 31, 2024, the latest employee count at Transocean is 5,800.
What is the annual revenue of Transocean?
Annual revenue of Transocean is $3.52B as on Dec 31, 2024.
What does Transocean do?
Transocean was founded in 1953 and is headquartered in Zug, Switzerland. Offshore drilling contracts are managed in the energy sector, with a focus on deepwater operations. Advanced rigs are deployed worldwide to support oil and gas exploration and production for various clients. Services encompass drilling in challenging marine environments, utilizing specialized equipment across international waters.
What products or services does Transocean offer?
Transocean offers Offshore Drilling Services and Fleet Management Services.
Is Transocean publicly traded?
Yes, Transocean is publicly traded on NYSE under the ticker symbol RIG.
How many acquisitions has Transocean made?
Transocean has made 2 acquisitions, including Aker Drilling, and Songa Offshore.
Who are Transocean's investors?
Transocean has 2 investors. Key investors include Granite Investment Advisors, and MEAG.
What is Transocean's ticker symbol?
The ticker symbol of Transocean is RIG on NYSE.