Diab Group expands its offering in subsea buoyancy services through acquisition of Subsea Composite Solutions AS (SCS)

Diab Group is acquiring 100 % of Subsea Composite Solutions AS (SCS) and thereby expanding its offering of subsea buoyancy services. The acquisition will strengthen and broaden Diab’s position as a global subsea buoyancy solution provider.

Together with SCS, Diab as a buoyancy foam producer, and SCS as a full-service provider of ready machined and painted buoyancy solutions down to very deepwater, will cover the buoyance needs from surface to bottom of the ocean. This will open new markets and customer segments.

“Diab Group is continuing to grow and expand its offering. SCS is a leading, very competent and experienced company within their field of expertise. We are happy to have SCS within the group, complementing our offering enabling a sustainable growth in the Subsea segment” says Johan Arvidsson CEO of Diab Group.

“Crew and owners are pleased with Diab Group acquisitioning Subsea Composite Solutions. We are very excited with an industrial owner understanding the potential in what we do and wanting to invest in scaling our business even further. We can expand our footprint further locally, but even more benefit from a larger international potential for our business out of Storsandvik / Norway” says Vidar Grindheim CEO of Subsea Composite Solutions AS.

The acquisition is effective from January 1^st 2025. 

For more information, please contact:
Johan Arvidsson, CEO, Diab Group, +46 70 645 07 98