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Reach Subsea ASA
Garpeskjaervegen 2
Phone: +47 40007710p:+47 40007710 HAUGESUND, 5527  Norway Ticker: REACHREACH
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.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023Yes----

Industries
SIC Code Description
1389 Oil and gas field services, not elsewhere classified
3533 Oil and gas field machinery and equipment
8711 Engineering services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board RachidBendriss 54 1/1/2020 1/1/2020
Chief Executive Officer JosteinAlendal 51 5/26/2014
Vice Chairman of the Board AndersOnarheim 5/27/2019 11/28/2012
12 additional Officers and Directors records available in full report.

Business Names
Business Name
Green Reefers ASA
REACH
Reach Subsea ASA
Transit Invest ASA

General Information
Number of Employees: 342 (As of 12/31/2023)
Outstanding Shares: 271,769,245 (As of 9/30/2024)
Shareholders: 485
Stock Exchange: OSL


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Friday, November 22, 2024