The merger between Rem Offshore ASA and Solship[ds_preview] Invest 1 AS is completed.
Solship Invest 1 AS is a wholly owned subsidiary of Solstad Offshore ASA. The combination of REM and Solstad Offshore contributes to the much needed consolidation of the fragmented OSV industry, said the company.
It creates a modern, high-end fleet of 61 vessels including 26 CSVs, 16 AHTSs and 19 PSVs. Additionally, the transaction allows realization of cost synergies and the combined fleet opens up new opportunities. »Since the announcement of the merger the OSV market has continued to be weak strengthening the rationale for creating larger and more robust entities,« says Lars Peder Solstad, CEO of Solstad Offshore.
