TGS acquires 4C Offshore
TGS-NOPEC Geophysical Company, a global provider of energy data and intelligence, has acquired 4C Offshore, a leading market intelligence and consultancy firm, providing research and insights to the offshore wind industry.
4C Offshore offers a broad suite of data, analytics and services for the offshore wind industry. With its digital platform, the company provides developers, operators, asset managers, equipment providers and construction companies with key data and insights for the development and operations of offshore wind farms. Among 4C Offshore’s customers are some of the most active players in the offshore wind industry.
Based in Lowestoft, UK with 29 employees, 4C Offshore provides data on more than 2,000 offshore wind projects. The company 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.
‘We are pleased to announce 4C Offshore as the first acquisition following the launch of our New Energy Solutions business earlier this year. The company carries a strong reputation within the industry for its quality data that is highly trusted for asset-level decisions. The strengths of 4C Offshore fit perfectly with TGS’s ambition to become the leading global provider of energy data and insights to support decision-making processes across the energy value chain,’ commented Kristian Johansen, CEO at TGS.
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