ABG Sundal Collier acted as financial adviser to the owners of Level Offshore in the sole ownership transition to Knutsen Group

On 25 March 2025, Level Group, a part of the Knutsen Group, acquired DeepOcean Group’s 50% stake in Level Offshore AS, a leading provider of skilled personnel to the offshore subsea industry. With this transaction, Knutsen Group became the sole owner of Level Offshore, supporting the company in a new growth phase.
Level Offshore was founded as a joint venture between DeepOcean and Knutsen to source temporary and permanent personnel to DeepOcean. After having successfully broadened its customer and contractor base, the company is now set for a new phase of growth. As part of the agreement, DeepOcean has committed to a long-term service purchase agreement with Level Offshore, ensuring continued collaboration and visibility for personnel needs going forward.
ABG Sundal Collier acted as financial advisor to the owners.