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Reach Subsea ASA (REACH) NOK1

Sell:3.45 NOK Buy:3.68 NOK Change: 0.08 NOK (2.22%)
Market closed |  Prices as at close on 24 June 2022 | Switch to live prices |
Sell:3.45 NOK
Buy:3.68 NOK
Change: 0.08 NOK (2.22%)
Market closed |  Prices as at close on 24 June 2022 | Switch to live prices |
Sell:3.45 NOK
Buy:3.68 NOK
Change: 0.08 NOK (2.22%)
Market closed |  Prices as at close on 24 June 2022 | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Reach Subsea ASA, formerly Transit Invest ASA, is a Norway-based company with operations within the maritime sector. It offers subsea services as subcontractor directly to end customers. The Company’s business is based on Remotely Operated Underwater Vehicles (ROV) operated by offshore personnel and supported by onshore project management and engineering resources. Reach Subsea operates through two segments: the Oil & Gas segment, that is engaged in surveying, Inspection, Maintenance and Repair (IMR) and light construction projects for oil & gas companies while the Renewable/Other segment provides those services to non-oil & gas companies. The Company’s services include also geophysical monitoring services, environmental monitoring services as well as in-house engineering. Reach Subsea ASA has several subsidiaries, such as Reach Subsea AS, Connect Offshore AS and Reach International AS.

Contact details

Garpeskjaervegen 2
+47 (40) 007710

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
Market cap:
809.69 million NOK
Shares in issue:
224.91 million
Oil & Gas Equipment & Services
Oslo Stock Exchange
Norwegian Krone
Oslo All Share Index

Key personnel

  • Kare Lie
    Executive Chairman of the Board
  • Jostein Alendal
    Chief Executive Officer
  • Anders Onarheim
    Vice Chairman of the Board
  • Birgitte Wendelbo Johansen
    Chief Financial Officer, Human Resources Manager
  • Inge Grutle
    Chief Operating Officer
  • Bard Hogheim
    Sales and Marketing Manager
  • Bjorg Mathisen Doving
    QHSE Manager
  • Knut Medhaug
    ROV Manager
  • Morten Roth Stranden
    Marine Operations Manager
  • Sven Storesund
    Asset Manager

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.


The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.