CSS Subsea, a subsea engineering solutions provider, has been acquired by a UK-based subsea company Artina, expanding both companies’ capabilities in the global energy services market.
After five years as part of CSS Group, CSS Subsea will now operate as Deepwave under new ownership. The transition aims to integrate its expertise and resources to offer a wider range of services tailored to the global energy sector, said Deepwave.
“This change in ownership energises our management as we look to expand our footprint in the subsea engineering domain and reinforces our commitment to delivering superior services to our clients,” said W. D’Aniello, CEO of Deepwave.
“The combined strengths of Artina and Deepwave will allow us to innovate and respond more effectively to the challenges facing the industry. This is an exciting new chapter for our company. By joining forces with Artina, we are positioning ourselves to better serve our clients with enhanced capabilities and a broader range of services. Our team is eager to contribute to the growth and success of Deepwave, continuing our legacy of excellence in subsea engineering.”
According to Deepwave, the rebranding is more than just a name change, as it reflects the company’s broader scope and future goals. Ongoing projects and services will continue without disruption.
Deepwave said that it will continue providing solutions to the oil and gas industry, focusing on technology and expertise.
In March 2023, the company entered into a charter agreement with GO Offshore for a construction support vessel (CSV) used for supporting inspection, maintenance and repair works at oil & gas and renewables projects.
CSS Subsea at that time said it was planning to use the vessel across its client base in the Mediterranean and the Persian Gulf but was welcoming interest from all geographical areas.