DIAB GROUP EXPANDS ITS SUBMARINE FLOATING SERVICE OFFERING WITH THE ACQUISITION OF SUBSEA COMPOSITE SOLUTIONS AS (SCS)


Diab Group is acquiring 100% of Subsea Composite Solutions AS (SCS), thereby expanding its subsea flotation service offering. Together with SCS, Diab as a manufacturer of flotation foam and SCS as a full-service provider of ready-to-use and painted flotation solutions down to the depths of the sea will cover flotation needs from the surface to the ocean floor.

“Diab Group continues to grow and expand its offering. SCS is a leading company, very competent and experienced in its field. We are pleased to have SCS in the group, which completes our offering and enables sustainable growth in the Subsea segment”, says Johan Arvidsson, CEO of Diab Group.

“We are excited that an industrial owner sees the potential of what we do and wants to invest to further expand our business. We can further expand our local presence, but benefit even more from a broader international potential for our business from Storsandvik/Norway,” says Vidar Grindheim, CEO of Subsea Composite Solutions AS. The acquisition is effective from January 1, 2025.