Norwegian subsea services provider DeepOcean has announced that it will split DeepOcean UK into two entities by the end of the year.
The split will create DeepOcean Subsea Cables and a new yet to be named division for seabed intervention and trenching.
Pierre Boyde will head the seabed trenching division, based in Port of Blyth, while Steve Marshall will take up the role as managing director of DeepOcean Subsea Cable, headquartered in Darlington.
Øyvind Mikaelsen, CEO of DeepOcean, said: “DeepOcean is to develop these businesses as standalone units to unlock potential with distinct offerings in an evolving market place, creating value for all stakeholders. We are excited about the future for the new divisions and how they will help DeepOcean Group expand and strengthen its market offering.”