NOR strengthens its international presence with a major U.S. equipment acquisition

The acquisition includes a sizeable and modern equipment pool and provides NOR with an immediate operational footprint in the U.S. market, with the equipment transferring to NOR as of 1 December.

A Strategic Step in NOR’s Global Growth

This transaction represents an important step in NOR’s strategy to become a leading global provider of offshore and subsea rental solutions. 

Expanding the Equipment Portfolio and CAPEX Investments

In addition to acquiring this extensive equipment pool, NOR will make significant investments in new assets directly from its suppliers. Together with the recent acquisition of ECHO81 – which also brings a sizable portfolio of advanced technology and equipment – NOR will rapidly establish a robust and competitive equipment offering in the United States.

CEO Statement: Immediate Capacity and Strong Growth Platform

“The acquisition of this large rental pool is a key strategic move for NOR. It gives us immediate capacity in the U.S. and provides a strong foundation for further growth in a market that is extremely important to us. Combined with ECHO81 and our planned investments, we will in a very short time offer one of the most complete rental portfolios in the region,” says Tore Gautesen, CEO of NOR.

Regional Perspective: Strengthening Delivery Across the Americas

Damon Wolfe, Regional Director Americas at NOR, adds:
“This investment enables us to deliver faster, broader and with even higher quality to our customers across the Americas. We now gain access to a modern and highly demanded equipment fleet, allowing us to meet the needs of the offshore, subsea and energy sectors. This marks the beginning of an exciting growth phase for NOR in the region.”

Enhancing Global Capacity Through World-Leading Assets

Jostein Jansen, CCO NOR, adds:
“As part of our ongoing CAPEX program, we are investing in world-leading equipment to strengthen our global footprint. These assets will enhance our ability to rapidly mobilize support for U.S. operations while preserving our position as the provider of the newest and most advanced rental fleet in the sector.”

Next Steps: Integrating the New Fleet and Continuing Investments

NOR will integrate the newly acquired equipment pool in the near term while continuing to invest heavily in the market to support both existing and new customers.