HitecVision sells Troms Offshore to TidewaterNews // May 15, 2013
HitecVision has entered into an agreement to sell Troms Offshore Supply to a wholly-owned subsidiary of Tidewater.
Troms Offshore Supply, which is based in Tromsø, Norway, provides offshore services to oil companies through owning and operating high-end large PSVs built to Clean Design class specifications.
The company has four vessels in operation and two under construction. In addition the company manages six vessels for other owners through its subsidiary, Troms Offshore Management.
The company is a fully integrated operator and has a particular focus on operations in the North, Norwegian Sea and Arctic.
"We are committed to effectively serving our customers on a global basis, and we believe that the Troms Offshore management team, shore-based employees, mariners and fleet will help us deliver on that service commitment," said Jeffrey M Platt, President, CEO and Director of Tidewater.
“Troms Offshore's location in northern Norway provides Tidewater with a unique entry point into the Norwegian sector of the North Sea, the Barents Sea, Greenland and other cold water markets.
"We look forward to Troms Offshore team making us a better company as we provide them with the financial backing and other resources to compete more effectively in their core markets."