News & Reports

Reach Subsea ASA – Exercise of warrants by Primary Insider
5 March 2025: Wilhelmsen New Energy AS (“Wilhelmsen”) has today exercised itsremaining 44,707,373 warrants with a strike of NOK 3.28 per share (the“Exercise”) in Reach Subsea ASA (the “Company”). The exercise of warrants willprovide the Company with approximately NOK 147 million in new equity to financeits growth initiatives, and increases Wilhelmsen’s ownership to approximately30% of […]

Reach Subsea ASA: Increasing vessel capacity through ownership and charter agreement.
Haugesund, 20 February 2025: Reach Subsea, in partnership with Eidesvik Offshore and Agalas, has signed a contract for a new, modern IMR/Survey vessel. The vessel will be jointly owned, with Reach Subsea holding a one-third stake and an entity owned by Eidesvik and Agalas, controlled by Eidesvik, holding the remaining two-thirds. The vessel is scheduled […]

Reach Subsea ASA – Q4 2024: Another record year
Haugesund, 13 February 2025: Reach Subsea ASA announces its fourth quarter and preliminary full year results for 2024, demonstrating another record year. For the full year 2024 the company has reached a revenue of 2.7 billion NOK. Revenue for the quarter stands at NOK 685 million and the EBIT at NOK 80 million. The board […]

Invitation to presentation of the fourth quarter and preliminary full year results 2024
Haugesund, 06 February 2025 – Reach Subsea ASA will publish its financial results for the fourth quarter and preliminary full year 2024 on Thursday 13 February 2025 at 07:00 CET. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at […]

Reach Subsea confirms delivery of Reach Remote 1
Haugesund, 16 January 2025: Reach Subsea is pleased to announce the official confirmation of the delivery of the REACH REMOTE 1 USV. The official delivery confirmation marks the successful completion of REACH REMOTE 1 including technical installations, testing and documentation, all of which have been finalized and signed off. The second vessel, REACH REMOTE 2 […]

Reach Subsea global: Continuing to welcome new Clients
Reach Subsea is taking several steps to expand and grow its deliveries across the global markets. Amongst these have been to strengthen its capabilities in the UK region. Building a strong footprint in the UK will increase the opportunities in the North Sea and Northern European market for our vessel fleet. Supporting Offshore Operations, Step […]

Reach Subsea ASA – Q3 2024 Continued steady progress.
Haugesund, 12 November 2024: Reach Subsea ASA announces its third quarter results for 2024, demonstrating strong underlying financial performance, well above the same period last year. Revenue for the quarter stands at NOK 835 million and the EBIT at NOK 134 million. Year to date the company has reached a revenue milestone just above 2 […]

Invitation to presentation of the third quarter results 2024
Haugesund, 06 November 2024 – Reach Subsea ASA will publish its financial results for the third quarter 2024 on Tuesday 12 November 2024 at 07:00 CEST. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at 9:30 CEST. Webcast presentation: […]

Reach Subsea Gains TotalEnergies as New Collaboration Partner for the Reach Remote USV Qualification Program.
Haugesund, 29 October 2024: Reach Subsea AS announces that TotalEnergies confirms its support to the qualification pilot program of the Reach Remote USV. Earlier this year, on June 21, Reach Subsea entered into an agreement with Equinor to conduct a technology qualification program. Today, this commitment is further reinforced with the addition of TotalEnergies and […]

Reach Subsea has been granted up to EUR 14.3 million from the EU Innovation Fund.
Haugesund, 22 October 2024: Reach Subsea has been granted funding of up to EUR 14.3 million from the EU Innovation Fund under the Net Zero Technologies initiative. This is a significant step forward for Reach Subsea’s innovation agenda, our Reach Remote scale up plans and our commitment to driving sustainable ocean technology. We are excited […]

Reach Remote 1 Named ‘Ship of the Year 2024’
Hamburg, 03 September 2024: Reach Subsea’s USV vessel ‘REACH REMOTE 1’ today received the Skipsrevyen Ship of the Year 2024 award at the SMM exhibition in Hamburg. Reach Subsea introduced the REACH REMOTE concept in 2019, partnering with Kongsberg Maritime, who took on the role of the primary turn-key contractor. Equipped with advanced KONGSBERG technology, […]

Reach Subsea ASA – Q2 2024 Confirming steady progress.
Haugesund, 27 August 2024: Reach Subsea ASA announced its second quarter and half-year results for 2024 today, demonstrating consistent advancement towards its strategic objectives. Revenue for the quarter stands at NOK 623 million and the EBIT at NOK 121 million. The decrease compared to the second quarter of 2023 is primarily a result of last […]