Reach Subsea Overview

  • Status
  • Public

  • Employees
  • 360


  • Stock Symbol

Stock Symbol

  • Investments
  • 7

  • Share Price
  • $0.65
  • (As of Thursday Closing)

Reach Subsea General Information


Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Contact Information

Formerly Known As
Transit Invest ASA
Ownership Status
Publicly Held
Financing Status
Primary Industry
Other Industries
Other Commercial Services
Stock Exchange
Corporate Office
  • Møllervegen 6
  • 5525 Haugesund
  • Norway
+47 400 00 000

Reach Subsea Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth

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Reach Subsea Stock Performance

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.65 $0.63 $0.33 - $0.66 $178M 272M 236K $0.08

Reach Subsea Financials Summary

In Thousands,
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 258,856 228,185 95,509 47,542
Revenue 216,515 185,660 120,189 78,067
EBITDA 103,351 93,032 48,189 37,159
Net Income 21,214 21,316 7,469 10,877
Total Assets 294,941 264,285 97,144 84,629
Total Debt 159,524 123,846 13,365 35,432
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Reach Subsea Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Reach Subsea Executive Team (8)

Name Title Board Seat Contact Info
Jostein Alendal Co-Founder & Chief Executive Officer
Birgitte Johansen Chief Financial Officer
Inge Grutle Chief Operating Officer
Jeremiah Gilbreath Director, Americas & Business Development Manager
Bård Høgheim Chief Commercial Officer
You’re viewing 5 of 8 executive team members. Get the full list »

Reach Subsea Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Reach Subsea Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Reach Subsea Investments & Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Guardian Geomatics 15-Nov-2023 0000000000 00.000 Other Commercial Services 0000000 0
Viking Reach 24-Jul-2023 00000 0000 Other Commercial Services
iSURVEY Group 17-Feb-2022 0000000000 000.00 Other Energy Services 0000000 0
Monviro 08-Dec-2021 0000000000 Environmental Services (B2B) 0000000 0
Octio Gravitude 08-Dec-2021 Merger/Acquisition Machinery (B2B) 0000000 0
You’re viewing 5 of 7 investments and acquisitions. Get the full list »

Reach Subsea Subsidiaries (5)

Company Name Industry Location Founded
Monviro Environmental Services (B2B) Bergen, Norway 2016
Connect Offshore Consulting Services (B2B) Haugesund, Norway 0000
Guardian Geomatics Other Commercial Services West Perth, Australia 0000
Octio Gravitude Machinery (B2B) Bergen, Norway 0000
iSURVEY Group Other Energy Services Billingstad, Norway 0000
To view Reach Subsea’s complete subsidiaries history, request access »

Reach Subsea ESG

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.


Covered Companies



Energy Services




Oil & Gas Equipment




To view Reach Subsea’s complete esg history, request access »

Reach Subsea FAQs

  • Who is the founder of Reach Subsea?

    Jostein Alendal, Åge Nilsen Jr., Sven Storesund, and Håvard Framnes are the founders of Reach Subsea.

  • Who is the CEO of Reach Subsea?

    Jostein Alendal is the CEO of Reach Subsea.

  • Where is Reach Subsea headquartered?

    Reach Subsea is headquartered in Haugesund, Norway.

  • What is the size of Reach Subsea?

    Reach Subsea has 360 total employees.

  • What industry is Reach Subsea in?

    Reach Subsea’s primary industry is Marine.

  • Is Reach Subsea a private or public company?

    Reach Subsea is a Public company.

  • What is Reach Subsea’s stock symbol?

    The ticker symbol for Reach Subsea is REACH.

  • What is the current stock price of Reach Subsea?

    As of 13-Jun-2024 the stock price of Reach Subsea is $0.65.

  • What is the current market cap of Reach Subsea?

    The current market capitalization of Reach Subsea is $178M.

  • What is Reach Subsea’s current revenue?

    The trailing twelve month revenue for Reach Subsea is $217M.

  • What is Reach Subsea’s annual earnings per share (EPS)?

    Reach Subsea’s EPS for 12 months was $0.08.

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