Industrial Holdings

Reach Subsea ASA

The main industrial investment activity are the 32% shareholding in Reach Subsea ASA where North is represented on the Board of Directors. The Company expects to continue as the largest shareholder in Reach Subsea ASA and further develop the company as a leading subsea service provider, offering solutions to survey the seabed and solutions for maintaining the integrity of the client’s subsurface equipment and infrastructure.

Wind Catching Systems AS

In the fourth quarter 2020, North Energy has signed an agreement to invest in Wind Catching Systems AS, which holds a new innovative technology for floating offshore wind systems (“WCS technology”). Together with its key technology partner Aibel AS, and with support from Innovasjon Norge, the company intends to finalize and commercialize the WCS technology.