Name

Subsea Innovation

Legal name

Subsea Innovation Limited

Website

https://subsea.co.uk

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Subsea Engineering Equipment

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Ship Building and Repairing (336611)

SIC

Oil & Gas Field Machinery & Equipment (3533), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)

akta.pro secondary industries

Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG), Offshore Subsea Gathering & Flowline Systems (TLAGAJAF)

Keywords

• Subsea engineering equipment
• Offshore pipeline repair
• Launch recovery systems
• Pipe-in-pipe waterstops
• Offshore deck equipment

Headquarters

HQ city

Darlington

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Bespoke Equipment Design and Build: Design, manufacture, and supply of complex bespoke engineered subsea equipment including LARS, EPRS, PIP Waterstops, hang-off systems, and deck equipment. Revenue from one-time project-based contracts for complete turnkey packages.
2. Engineering Services: Technical engineering services from concept design to complete turnkey projects including FEED, consultancy, FEA analysis, desk layout, sea fastening and grillage, equipment engineering design.
3. Refurbishment and Maintenance: Onshore/offshore maintenance and repair, equipment refurbishment, testing and inspection, spares supply and management for existing equipment.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Subsea Innovation designs and manufactures bespoke subsea engineering equipment for the global offshore energy market, including Launch and Recovery Systems (LARS), Emergency Pipeline Repair Systems (EPRS), Pipe-in-Pipe Waterstops, Hang-Off Systems, deck equipment, and sealing/grip clamp solutions. It complements these products with engineering services from concept/FEED design through FEA analysis, project management, refurbishment, and offshore installation support.

Product overview

Subsea Innovation is a specialized engineering equipment manufacturer offering a portfolio of bespoke subsea products and engineering services for the global offshore energy markets. The core product portfolio includes Emergency Pipeline Repair Systems (EPRS) for subsea pipeline repair, Deck Equipment such as Launch and Recovery Systems (LARS) and PLET handling systems, Pipe-in-Pipe (PIP) Waterstops, Hang-Off Systems, Seal Sealing Solutions, Recovery Equipment and Clamp Solutions, J-Tube Seals, Bespoke Installation Equipment, and CPS Repair Solutions. These products are complemented by engineering services including bespoke design, FEED, FEA analysis, project management, refurbishment and maintenance, and offshore support services. The company operates from concept design through to turnkey project delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• Emergency Pipeline Repair Systems (EPRS) DNVGL Type Approved structural and non-structural repair clamps, flange and sleeve connectors, and bespoke repair solutions for diver and ROV deployment covering 4" to 48" pipe sizes with design pressures exceeding 600 bar g and proven depths to 2000m. Targeted at offshore oil and gas operators requiring DNVGL-RP-F113 and DNVGL-OS-F101 compliant subsea pipeline repair equipment.
• Deck Equipment Back deck equipment including PLET handling systems, Launch and Recovery Systems (LARS), bespoke handling systems, lay equipment, and skidding systems and transfer platforms for offshore vessels. Intended for pipelay contractors, marine construction firms, and offshore vessel operators.
• Pipe-in-Pipe (PIP) Waterstops Market-leading waterstop seals for pipe-in-pipe systems with the proprietary SIStop® design for HFW and seam welded pipelines, proven for pressures up to 400 bar g. Over 1800 units delivered worldwide. Targeted at subsea pipeline developers and contractors.
• Hang-Off Systems Steel riser and flexible end fitting hang-offs designed for high pressure and excessive loads with proven seal design and grip arrangement; design temperatures range from -80 to 120 degrees Celsius. For offshore oil and gas operators and FPSO/FSO operators.
• SI Seal Sealing Solutions Subsea sealing products including suction pile plugs, flushing plugs, and abandonment plugs featuring proven polyurethane seal design for high and low pressure applications. For offshore construction and well abandonment projects.
• SI Grip Clamping Solutions Product recovery clamps, bellmouth reinstallation clamps, and tie-back and hold-back clamps for ROV and diver installation. DNVGL approved gripping mechanism with high design loads and interchangeable components for various product outer diameters. For subsea intervention and recovery operations.
• J-Tube Seal ROV active and downline reel operated J-tube seal with proven design, optional extras, and maintenance-free operation featuring ease of installation, activation, and operation. For offshore platform and subsea cable installations.
• Bespoke Installation Equipment Custom installation solutions designed for challenging environments and specific project demands. ROV and diver operated with modular designs for wider use and integrated subsea control systems. For offshore operators and contractors with non-standard subsea installation requirements.
• CPS Repair Solutions Retro-fit CPS and cable repair systems for subsea intervention and maintenance operations. Targeted at offshore wind operators and cable owners requiring cable protection system repair.
• Engineering Services Bespoke design and engineering services from concept to turnkey project delivery, including FEED, consultancy, FEA and analysis, desk layout, sea fastening and grillage, and equipment engineering design using Autodesk Inventor. For offshore energy operators and contractors requiring specialist engineering input.
• Project Management Comprehensive project management including project coordination, document control, design and build programs, and schedule management. For enterprise clients executing bespoke subsea equipment projects.
• Refurbishment and Maintenance Onshore and offshore maintenance and repair services, equipment refurbishment including SIL and third-party work, testing and inspection, and spares supply and management. For owners of existing subsea equipment requiring life extension and spares support.
• Offshore Support & Services Offshore trained personnel providing offshore survey and inspection, equipment commissioning, and installation supervision and support. For offshore energy operators and contractors requiring site-based engineering support.

Quantifiable outcome

• DNVGL Type Approved EPRS repair clamps proven for depths to 2000m with design pressures exceeding 600 bar g
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Unique GroupcoreOthers · 10 May 2024Strategic acquisition completed May 2024. Subsea Innovation became part of Unique Group, a global innovation company in subsea technologies with over 600 employees across 18 locations. This acquisition transforms the UK into a major engineering hub for Unique Group. Dave Thompson assumed role of Group Engineering Director at Unique Group.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Saipem: Italian oilfield services and subsea construction major with pipelay vessels, offshore installation, and subsea equipment. Comparable as a customer-adjacent peer that purchases subsea equipment and competes for marine construction contracts.
• Aker Solutions: Norwegian subsea engineering and EPC contractor with subsea production systems, umbilicals, and intervention tooling. Comparable as a larger incumbent in subsea equipment manufacturing that competes for similar offshore projects.
• Helix Energy Solutions: US offshore services company with subsea intervention, ROV operations, and well intervention capabilities. Comparable as a provider of subsea pipeline repair and intervention services that overlap with Subsea Innovation's EPRS offerings.
• Kongsberg Maritime: Norwegian subsea and marine technology company with ROVs, subsea positioning, and offshore equipment. Comparable as a broader subsea technology incumbent that competes in marine construction and offshore installation equipment markets.
• TechnipFMC: Global subsea equipment and services provider serving oil & gas with integrated subsea production systems, umbilicals, and installation services. Directly comparable as a customer of Subsea Innovation (PIP Waterstops) and a competitor in subsea engineering solutions.

Others

• Unique Group: Parent company of Subsea Innovation since May 2024. UAE-headquartered subsea technologies conglomerate with survey, diving, lifting, and buoyancy divisions. Directly relevant as the acquirer and integration partner providing global scale.

Direct peers

• JDR Cable Systems: Subsea cable and umbilical manufacturer serving offshore wind and oil & gas. Comparable as a bespoke subsea engineering specialist with strong offshore wind exposure and similar customer base to Subsea Innovation.
• Soil Machine Dynamics (SMD): UK-based subsea robotics and ROV manufacturer headquartered in the North East of England. Comparable as a specialist subsea engineering company with bespoke ROV and intervention equipment serving similar offshore energy customers.
• Forum Energy Technologies: US-based manufacturer of subsea equipment, ROVs, and pipeline repair products for offshore oil & gas. Highly comparable product portfolio including pipeline repair clamps and subsea intervention equipment, overlapping directly with Subsea Innovation's EPRS and clamp solutions.

Emerging players

• Ashtead Technology: UK-based subsea equipment rental and sales company serving offshore energy markets. Comparable as a complementary rather than direct competitor—offering subsea inspection and intervention equipment to the same customer base as Subsea Innovation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/subsea-innovation
• Xx.com/SubseaInnovatio

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Subsea Innovation