TGS-NOPEC Geophysical Company ASA said May 12 it acquired 4C Offshore Ltd., a leading market intelligence and consultancy firm, providing research and insights to the offshore wind industry.

The acquisition of 4C Offshore, according to TGS CEO Kristian Johansen, is the company’s first following the launch of its New Energy Solutions business earlier this year to pursue opportunities related to the energy transition.

“The strengths of 4C Offshore fit perfectly with TGS’ ambition to become the leading global provider of energy data and insights to support decision-making processes across the energy value chain,” Johansen said in a statement on May 12.

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Based in Lowestoft, U.K. with 29 employees, 4C Offshore offers a broad suite of data, analytics and services for the offshore wind industry. The company provides data on more than 2,000 offshore wind projects and serves some of the most active players in the offshore wind industry.

“We look forward to working with TGS and the New Energy Solutions team to enhance our common platform in the renewable energy industry. ... Together with TGS, we expect to grow and improve upon our services and capitalize on the expected increase in demand for high quality data and insights on offshore wind,” Chris Anderson, chairman and CEO at 4C Offshore, commented in a statement.

4C Offshore has recurring revenue streams from a diversified base of almost 350 clients, serving 2,200 users. In 2020, subscription payments for the company’s data services account for almost 80% of revenues, according to the release by TGS.

Based in Oslo, Norway, TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

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