A heads of agreement has been signed between DeepOcean and shareholders in CTC, a marine trenching contractor.
DeepOcean chief executive Kare Johannes Lie said: "CTC provides an immediate and substantial entry into the submarine trenching and trenching-dependent flexible product installation market.
"CTC has a leading position in the subsea service market and will together with our own vessels, ROVs and survey services give us the opportunity to be a more attractive subsea service provider both to the main contractors as well as to the oil companies."
DeepOcean
