Scana

What Scana does

Scana ASA is a Norwegian industrial holding company listed on Euronext Oslo Stock Exchange (ticker SCANA) that operates as an active industrial owner of technology and services businesses serving the offshore and energy industries. The group is organized into two divisions: an Offshore division encompassing the design and manufacture of riser applications and specialist subsea equipment, mooring systems, ISS (Inspection, Survey, Service) and IMR lifecycle services for rigs and vessels, executed through portfolio companies Seasystems, Subseatec, Skarpenord, PSW Technology and PSW Solutions; and an Energy division delivering shore power systems, battery energy storage (BESS), E-house modules, megawatt charging systems and emergency power modules, executed principally through PSW Power & Automation.

The company generates revenue primarily through project-based contracts acquired via competitive tendering, framework agreements and direct negotiations with enterprise customers in the offshore oil & gas and energy transition markets. Internal contract tiers range from sizeable (NOK 25–75M) to very large (>NOK 250M). Reported quarterly revenue was NOK 396M (Q2 2025), NOK 383M (Q3 2025), NOK 450M (Q4 2025) and NOK 417M (Q1 2026), with Q1 2026 EBITDA of NOK 51M (12% margin) and order backlog of NOK 1,084M. Named enterprise customers include Equinor, the Northern Lights JV (Equinor, TotalEnergies, Shell), Worley/Rosenberg Worley, DSME, Stena Bulk, and CCB Mongstad, with project delivery spanning Norway, Sweden, Brazil, the US Gulf of Mexico, Canada, Malaysia, Singapore and South Korea. The company was formed through the 2021 merger of Scana ASA and PSW Group and operates from facilities at Paradis/Bergen (HQ), Mongstad, Rjukan, Vestby and Sweden, with 501–1,000 employees.

Name

Scana

Legal name

Scana ASA

Website

https://scana.no

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Norwegian industrial holding company operating portfolio companies that deliver specialized offshore and energy technology, including riser applications, mooring systems, shore power, energy storage and subsea services, to enterprise oil & gas, LNG and energy transition customers globally.

Ownership category

akta.pro rank

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Offshore Division: Revenue from design and manufacturing of riser applications, specialist subsea equipment, rig servicing, ISS services, mooring systems and IMR lifecycle services for rigs and vessels. Includes fabrication and surface treatment services at Mongstad facilities.
2. Energy Division: Revenue from shore power solutions, energy storage systems (BESS), e-house modules, and charging infrastructure delivered to Norwegian and international customers in the energy transition market.
3. Project-based Contracts: Company secures sizeable (NOK 25-75M), substantial (NOK 75-150M), large (NOK 150-250M) and very large (>NOK 250M) contracts through competitive tendering. Q1 2026 revenue of NOK 417M, EBITDA NOK 51M, order backlog NOK 1,084M.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Scana ASA is an active industrial owner of technology and services for the offshore and energy industries. Through its portfolio companies, it designs and manufactures riser applications, mooring systems, subsea equipment, hydraulic power units, valve control systems, shore power systems, battery energy storage systems (BESS), and E-house modules, and delivers ISS (inspection, survey, service), surface treatment, and IMR lifecycle services to enterprise customers in offshore oil & gas and energy sectors worldwide.

Product overview

Scana ASA is an active industrial owner of technology and services for the offshore and energy industries. The company's product and service portfolio is organized into two main business areas: Offshore and Energy. The Offshore division encompasses design and manufacturing of riser applications and specialist subsea equipment, rig servicing, ISS (Inspection, Survey, Service) services, mooring systems, and IMR (Inspection, Maintenance, Repair) lifecycle services for rigs and vessels. The Energy division delivers solutions including shore power solutions (shore power systems with capacity of approximately 3MW, including medium-voltage switchgear, frequency converters, cable management systems, and energy control systems), energy storage systems (BESS), and E-house modules for power distribution. Key portfolio companies include PSW Power & Automation (shore power, energy storage, E-house modules, megawatt charging systems), Seasystems (mooring solutions, floating jetty systems), Subseatec (riser products, subsea equipment), Skarpenord (actuators, valve control systems), PSW Technology (fabrication, BOP/riser maintenance), and PSW Solutions (surface treatment, ISS services, NDT).

Differentiator

Problem solved

Functional benefit

Products and services

• Shore Power Solutions Shore power solutions enabling ships at port to connect to land-based renewable electrical power, including medium-voltage switchgear, frequency converter installation, cable management system, and energy control systems. Delivered to enterprise energy and CCS customers in Norway and internationally.
• Energy Storage Solutions (BESS) Battery energy storage systems that store electrical energy for later use, supporting renewable energy integration and providing backup power for enterprise customers.
• Energy Modules (E-House) E-house modules functioning as power distribution modules for offshore installations, providing modular, pre-installed electrical enclosures for demanding offshore environments.
• Mooring Solutions Robust and reliable mooring solutions for floating structures including project management, mooring analysis, engineering, fabrication, and installation, with chain stoppers, jacking systems, and winches. Sold to enterprise offshore and LNG customers.
• Riser Products Forged riser applications for the oil and gas industry, including marine risers for drilling operations and riser components for high-pressure and high-temperature oil and gas projects.
• Actuators Hydraulic and valve control actuators for offshore applications, including single-acting, double-acting, and linear actuators for valve control systems.
• Floating Jetty Systems Patent-pending floating jetty solutions for gas risers and power cables that keep risers and cables off the seabed near shore, providing dynamically favorable geometry for long-term operation in FLNG and offshore LNG terminal projects.
• Jettyless Floating Terminal (JFT) and Extended FSU/FSRU Mooring (EFM) Floating LNG storage and transfer system combining Stena Bulk's EFM mooring and JFT LNG loading technology with Seasystems' mooring expertise, enabling flexible and cost-effective LNG storage and transfer without traditional jetty or pier infrastructure.
• Megawatt Charging Systems High-capacity charging systems for offshore installations and electric vessels, enabling megawatt-level power transfer for offshore operations.
• Emergency Power Modules Backup power modules for data center terminals and critical infrastructure, providing reliable emergency power supply.
• ISS Services (Inspection, Survey, Service) Comprehensive inspection, survey, and service operations for offshore installations, including NDT (Non-Destructive Testing) services.
• Surface Treatment Services Industrial surface treatment services for risers and buoyancy elements, including external surface treatment, materials, inspection, and documentation.
• BOP, Riser, Maintenance Services Maintenance and servicing for Blow-Out Preventers (BOP), risers, and related subsea equipment for rigs and vessels.

Quantifiable outcome

• Q1 2026: Revenue NOK 417M, EBITDA NOK 51M (12% margin), Order backlog NOK 1,084M
• +2 more outcomes

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Stena BulkcoreStrategic or Co-development Partner · 5 September 2025Seasystems AS and Stena Bulk signed a cooperation agreement to promote innovative floating LNG infrastructure solutions. The partnership combines Seasystems' experience in mooring and fluid transfer systems with Stena's proprietary EFM (Extended FSU/FSRU Mooring) system and JFT (Jettyless Floating Terminal) LNG loading system. Seasystems receives exclusive rights to market, sell and deliver Stena's patented LNG technologies. Technology ownership and associated patents remain with Stena Bulk.
• Xtronica ASminorStrategic or Co-development Partner · 31 December 2024Scana-owned Skarpenord AS and Xtronica AS launched a new joint venture in Singapore for valve control systems and related solutions for the Asian market.
• Front EnergyminorChannel Partner/ Reseller/ DistributorFront Energy, a company based in Arendal, Norway, was important in securing the mooring contract with DSME in South Korea.

Scale indicators14 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Subsea 7: Global subsea engineering, construction, and services company with active Norwegian operations. Comparable in delivering subsea hardware and integrated offshore projects to similar upstream customers.
• TechnipFMC: Global subsea equipment and services provider with deepwater riser and mooring product lines. Competes with Subseatec and Seasystems in similar upstream offshore projects worldwide.
• Trelleborg Offshore: Engineered polymer and mooring solutions for offshore floating units. Directly comparable to Seasystems' mooring and floating-structure offerings, serving similar FPSO/FSU/FLNG end-markets.
• Aker Solutions: Norwegian offshore engineering and equipment supplier serving the same Norwegian offshore oil & gas and energy transition markets. Competes directly with Scana/PSW in subsea equipment, fabrication, and offshore services.

Broad incumbents

• Kongsberg Gruppen: Norwegian technology group with offshore and maritime divisions covering mooring systems, dynamic positioning, automation, and energy solutions. Overlaps with Scana's mooring, valve controls, and offshore integration capabilities.
• Wärtsilä: Marine and energy technology company with energy storage, shore power, and electrification offerings. Overlaps with Scana's Energy division in BESS and shore power for maritime decarbonization.

Regional players

• DOF Group: Norwegian offshore vessel operator providing subsea IMR, construction, and SURF services. Adjacent to Scana's ISS/IMR services business with overlap in offshore rig and vessel lifecycle support.
• Endúr ASA: Norwegian-listed supplier of services and products to the offshore and maritime industries. Comparable small-cap Norwegian industrial holding with similar offshore services and equipment portfolio.
• Helix Energy Solutions: US-based offshore well intervention and subsea services company. Comparable in providing IMR and lifecycle services to offshore operators, though primarily Gulf of Mexico-focused.

Emerging players

• Cavotec: Specialist in shore power connection systems and electrification of ports. Direct overlap with Scana's shore power product line, though smaller and more narrowly focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/scanaasa
• LinkedInlinkedin.com/company/scana-energy-ab
• Instagraminstagram.com/scana_asa

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries9 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 Scana