Rental Technology & Services

What Rental Technology & Services does

Rental Technology & Services (RTS) is a Norwegian-headquartered subsea equipment company that designs, manufactures, rents, and sells specialized hardware for offshore survey, ROV operations, inspection, and subsea construction. Founded around 2000 in Åkrehamn, Norway, RTS maintains an in-house engineering workshop and ESD production area where it develops proprietary product families including the RTS CUBE subsea monitoring system (deployed in 300+ projects), the Gen 5/Gen 6 titanium and next-generation subsea survey multiplexers, the RTS Nemo combined INS/DVL navigator, the RTS TEXT low-power subsea display, and a range of precision inclinometers, metrology stabs, and cathodic protection systems. In parallel, RTS distributes and rents third-party equipment from major OEMs including Kongsberg, Oceaneering, Nortek, R2Sonic, SMD, Exail, EdgeTech, Aquatec, and Zetechtics, positioning it as a one-stop integrator of multi-vendor subsea toolkits.

RTS makes money through three revenue streams: an extensive in-house rental pool of subsea survey, ROV tooling, inspection, and monitoring equipment (recurring rental revenue); outright sale of proprietary RTS-branded products and distributed third-party systems (one-time equipment sales); and engineering services including custom development, repair, testing, and calibration (professional services). The go-to-market is sales-led and direct, with field offices in Åkrehamn (Norway, headquarters and R&D), Aberdeen (UK, regional HQ and tooling), Valencia (Spain, engineering), and Brazil (sales), serving enterprise offshore operators, subsea contractors, ROV operators, and vessel operators worldwide. Pricing is quote-based with no public rates. RTS is privately held by founders Odd Kåre Øygarden and Freddy Knutsen, with David Currie serving as CEO, and expanded in 2025 via the acquisition of J1W and new facilities on both the UK and Norway sites.

Name

Rental Technology & Services

Legal name

RTS – Rental Technology & Services AS

Website

https://rts.as

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Rental Technology & Services (RTS) is a Norway-headquartered subsea equipment company that designs, manufactures, rents, and sells proprietary and third-party hardware for offshore survey, ROV operations, inspection, and subsea construction, serving enterprise offshore operators, subsea contractors, and vessel operators worldwide.

Ownership category

akta.pro rank

Product category

Subsea Equipment Manufacturing & Rental

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Oil & Gas Field Machinery & Equipment (3533), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

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

Keywords

• Subsea equipment rental
• ROV tooling solutions
• Subsea survey multiplexers
• Offshore positioning systems
• Subsea monitoring sensors

Headquarters

HQ city

Åkrehamn

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Subsea Equipment Rental: RTS maintains an extensive in-house rental pool of subsea equipment covering survey, ROV tooling, inspection, monitoring, and specialized subsea systems. Equipment is maintained, calibrated and prepared by specialists with global delivery capability.
2. Subsea Equipment Sales: RTS sells subsea equipment, ROV tooling, and specialized subsea monitoring systems, including proprietary in-house developed products such as the RTS CUBE, RTS MUX series, RTS NEMO, and RTS TEXT.
3. Engineering and Technical Services: Engineering workshop, custom development, and technical support services including repair, testing, and calibration of subsea equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

RTS designs, manufactures, rents, and sells specialized subsea equipment for offshore survey, ROV operations, subsea construction, and marine monitoring. Its in-house product portfolio spans self-contained subsea monitoring systems (RTS CUBE and CUBE SDM), titanium and next-generation subsea survey multiplexers (Gen 5 MUX System 3000TI and Gen 6 MUX), subsea navigation (RTS Nemo INS/DVL), subsea displays and data loggers (RTS TEXT, SiLOG), metrology stabs (MetStab, MetStab XL), Cathodic Protection systems, and subsea inclinometers. The company maintains an extensive in-house rental pool and distributes third-party subsea brands (Aquatec, R2Sonic, Kongsberg, Oceaneering, Zetechtics, and others) to offshore operators, subsea contractors, ROV service providers, and vessel operators worldwide, supported by in-house engineering, repair, and calibration services at its Åkrehamn facility and expanded Aberdeen UK facility.

Product overview

RTS (Rental Technology & Services) is a subsea equipment rental and sales company offering specialized equipment for offshore, marine, and subsea operations. The core product portfolio centers on RTS-branded monitoring solutions including the CUBE series (self-contained subsea monitoring systems with heading and attitude measurements), Gen 5 and Gen 6 Mux (subsea survey multiplexers), and the Nemo subsea navigator (INS/DVL combined solution). RTS provides equipment for both rental and sale, with products spanning sensors and survey equipment, ROV tooling, positioning and communication systems, handling and deployment equipment, and specialized monitoring services. The company operates as a distributor for third-party subsea equipment brands including Aquatec, Axys, Blue Logic, Kongsberg, Oceaneering, Zetechtics, Butler Solutions, Revolution Bolting, Franatech, Datawell, R2Sonic, Seatronics, Tritech, Kystdesign, and various rigging manufacturers.

Differentiator

Problem solved

Functional benefit

Brands

• RTS CUBE: Next generation self-contained subsea monitoring solution featuring superior heading and attitude measurements, flexible interfacing and comms, external sensor capabilities and surface logging software.
• RTS CUBE SDM
• RTS TEXT
• RTS SiLOG
• RTS MetStab
• RTS Gen 5 Mux
• RTS Gen 6 Mux
• RTS Nemo

Products and services

• RTS CUBE Next-generation self-contained subsea monitoring solution featuring superior heading and attitude measurements, flexible interfacing, external sensor capabilities, and surface logging software, based on the RTS Gyro Toolbox. For offshore operators, subsea contractors, and survey teams requiring deployable subsea monitoring units.
• RTS CUBE SDM (Subsea Deflection Monitoring System) Self-contained Subsea Deflection Monitoring System for subsea structures, used during deployment and installation phases and for long-term monitoring to ensure structure stability and position. Deployed in more than 300 projects globally.
• RTS Gen 6 Mux Next-generation subsea survey multiplexer built on 15 years of experience, serving as a global standard for signal harvesting with multi-channel signal processing and subsea communication.
• RTS Gen 5 Mux System 3000TI Titanium ROV Multiplexer that has rapidly become the preferred high-end multiplexer solution globally, featuring proven reliability for subsea survey operations.
• RTS Nemo Subsea Navigator Combined subsea Inertial Navigation System (INS) and Doppler Velocity Log (DVL) solution providing precise underwater navigation for ROV and survey operations.
• RTS TEXT Subsea Display Advanced subsea data display featuring up to one-tenth the power consumption of existing solutions and 4,000 MSW depth rating, designed for displaying subsea information on ROVs and diver operations.
• RTS SiLOG Subsea Data Logger Compact, high-specification Subsea Data Logger with sensor control via multiple comms options and deep-sleep functionality for long-term subsea logging.
• RTS MetStab Subsea Metrology Stab designed based on years of mechanical subsea interfacing experience, featuring unrivaled mating precision and repeatability with an ROV- or diver-operable locking mechanism.
• RTS MetStab XL Heavy-Duty Subsea Stab with the same high-precision interface as RTS MetStab but with increased diameter, allowing larger and heavier modules to be integrated.
• RTS CP System (Cathodic Protection Measurements) Complete cathodic protection measurements solution comprising a Polartrak single contact probe with dual electrodes, a subsea CP A/D converter bottle, and surface display and logging software.
• RTS Axis Subsea Positioning Bracket Subsea Positioning Axis Bracket ensuring secure alignment and stable mounting for critical subsea sensors, designed to withstand harsh offshore environments during ROV deployment.
• RTS Wellhead Inclinometer High-Precision Subsea Wellhead Inclinometer for ROVs and divers, capable of 70+ hours of continuous subsea operation per charge cycle with optional external input for up to two sensors.
• RTS Level Subsea Inclinometer High-Precision Subsea Inclinometer for ROVs and divers, utilizing technology from RTS subsea display systems.
• Subsea Equipment Rental Fleet (RTS and partner brands) Extensive in-house rental pool of subsea equipment covering survey, ROV tooling, inspection, monitoring, and specialized subsea systems, including RTS products and distributed brands (Aquatec, R2Sonic, Kongsberg, Oceaneering, Zetechtics, and others). Equipment is maintained, calibrated, and prepared by specialists with global delivery and 24-hour phone support.
• Engineering, Repair, Calibration and Technical Services Engineering workshop, custom development, repair, testing, and calibration services for subsea equipment, including dedicated mux repair and testing workshops in the Aberdeen UK facility, supporting both RTS products and third-party systems.
• R2Sonic 2024 Multibeam Echosounder Wideband high-resolution shallow-water multibeam echosounder distributed and rented by RTS as part of its sensor and survey equipment offering for offshore survey teams.
• Oceaneering Universal eTorque Tool Universal Electrical Torque Tool distributed by RTS for precise torque and turn feedback and control, improving operational efficiency for subsea valve operations on ROVs.
• Oceaneering Linear Actuator Override Tool (LAOT) Hydraulic LAOT designed to provide override function to open a 5 1/8 inch valve actuator, rented and distributed by RTS for ROV intervention work.
• Zetechtics Jupiter Class 1-4 Hydraulic Torque Tool Jupiter Subsea Intelligent Hydraulic Torque Tool interfacing with subsea production systems and capable of producing torque up to 2711Nm, distributed and rented by RTS for ROV intervention and subsea construction work.
• J1W ROV Robotics and Tooling Services ROV robotics and tooling services from the Aberdeen-based J1W team integrated into RTS UK in late 2025, providing ROV manipulator service stands, tooling test bays, plumbed-in HPUs, and rental of ROV tooling, robotic arms, and tooling expertise.
• Aquatec HYDROlog 3000F Flow Logger New flow monitoring logger in the Aquatec HYDRO 3000 product family for subsea flow measurement applications, distributed by RTS for subsea monitoring campaigns.

Quantifiable outcome

• RTS CUBE and RTS CUBE SDM have been used in more than 300 projects globally.
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Stavanger Maritime MuseumminorStrategic or Co-development PartnerRTS is collaborating with Stavanger Maritime Museum and Kongsberg Discovery to provide advanced equipment and expertise supporting archaeologists in mapping underwater cultural heritage sites including medieval trading hubs at Avaldsnes and the shipwreck Dresden in Karmsundet.
• Kongsberg DiscoveryminorStrategic or Co-development PartnerRTS partnered with Kongsberg Discovery alongside Stavanger Maritime Museum for underwater cultural heritage mapping project, providing equipment and expertise for the museum's vessel Must.
• J1WcoreStrategic or Co-development PartnerRTS acquired J1W, a respected Aberdeen-based specialist in ROV Robotics and Tooling, in late 2025. J1W's tooling expertise was integrated into the expanded RTS UK facility, bringing manipulator service stands, tooling test bays and plumbed-in HPUs alongside mux repair and rental operations.
• KongsbergcoreTechnology or IntegrationListed as a key partner on the RTS website. Kongsberg manufactures positioning, navigation and survey equipment (Seapath, Seanav, HiPAP, MRU series, RADius) that RTS stocks as part of its rental fleet and integrated solutions.
• OceaneeringcoreTechnology or IntegrationListed as a key partner. RTS rents and distributes Oceaneering products including torque tools (Class 1-4 Hydraulic Torque Tool, eTorque Tool, FLOT, Torque Tool CL.6/7), and the Linear Actuator Override Tool (LAOT).
• NortekcoreTechnology or IntegrationListed as a key partner on the RTS website. Nortek provides acoustic Doppler instruments and current profiling systems integrated into RTS's rental fleet for subsea survey operations.
• R2SoniccoreTechnology or IntegrationListed as a key partner. RTS rents R2Sonic 2024 Multibeam Echosounder systems and associated ROV brackets as part of its sensor and survey equipment offering.
• SMD (Soil Machine Dynamics)coreTechnology or IntegrationListed as a key partner on the RTS website. SMD is a manufacturer of subsea trenching and burial equipment that RTS includes in its equipment rental and distribution offering.
• OceanscancoreTechnology or IntegrationListed as a key partner on the RTS website. Oceanscan supplies acoustic and sonar equipment that RTS integrates into its subsea rental fleet.
• ExailcoreTechnology or IntegrationListed as a key partner on the RTS website. Exail provides navigation and positioning systems that RTS offers as part of its subsea equipment solutions.
• EdgeTechcoreTechnology or IntegrationListed as a key partner on the RTS website. EdgeTech manufactures sonar and acoustic imaging systems that RTS stocks for rental and sale.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sonardyne International: UK-based manufacturer of subsea navigation, positioning, and acoustic instrumentation. Most direct comparable to RTS's Nemo INS/DVL, MUX, and CUBE product families — both design and sell/rent specialized subsea electronics to offshore survey and ROV operators.
• Seatronics (SRO Group): Subsea equipment rental specialist providing ROV tooling, sonar, cameras and positioning equipment to the offshore survey and intervention market. Closest direct peer to RTS's rental-led model for subsea survey and inspection gear.
• iXblue (Exail): Manufactures inertial navigation systems, DVLs and subsea positioning products — overlapping head-to-head with RTS Nemo. Listed as a partner on RTS's website, comparable product line and customer base in offshore survey.
• EdgeTech: US-based subsea sonar and acoustic imaging manufacturer — listed partner of RTS, comparable on sub-bottom profilers and side-scan sonars used in the same survey tenders as RTS equipment.

Broad incumbents

• Kongsberg Maritime: Large incumbent marine technology OEM with broad subsea positioning, sonar and survey portfolios (Seapath, HiPAP, MRU). RTS resells and integrates Kongsberg topside survey equipment while competing at the subsea electronics layer — a relevant scale benchmark.
• Teledyne Marine: Broad subsea instrumentation OEM (sonars, cameras, positioning, sensors). Overlaps with RTS's subsea sensor and survey rental pool but operates at significantly larger scale and with a much wider portfolio.
• Forum Energy Technologies: Global manufacturer and supplier of subsea vehicles, ROV tooling, and intervention equipment. Comparable to RTS's ROV tooling and subsea construction support offering within a much larger portfolio.

Emerging players

• Subsea Tech: European subsea equipment and services provider focused on inspection, observation and light intervention ROVs. Smaller and earlier-stage than RTS but comparable in serving survey/inspection end-customers with mixed rental/service offerings.
• Norbit Subsea: Norwegian-based subsea technology and instrumentation group. Geographic and segment overlap with RTS on subsea sensing and survey equipment, with comparable Norwegian-deepwater customer base.

Others

• Schlumberger / Subsea Integration Alliance partners: Major oilfield services incumbents who buy subsea survey and monitoring rentals from RTS. Indirectly comparable as customers-plus-competitors in subsea intervention tooling and IMR services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RENTALTECHNOLOGYSERVICESAS

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Rental Technology & Services