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The third transfer on Euronext Oslo Børs this year
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Market capitalisation of approximately NOK 457 million
Euronext Oslo Børs congratulates Argeo (ticker: ARGEO), a Norwegian subsea service provider listed since 2021, on its transfer from Euronext Growth Oslo to Euronext Oslo Børs. This is the third transfer this year between the Oslo markets.
Argeo provides subsea services to companies and projects within the oil and gas, marine minerals, and renewable energy sectors. The company offers robust vessels, autonomous underwater vehicles (AUVs), sensors, and digital imaging technology that collect complex data and transform it into decision-ready information. The company operates in deep-water regions worldwide, and is headquartered in Asker, Norway, with additional offices in Edinburgh, Houston and Rio de Janeiro.
At opening, the share price was NOK 10.30 per share, based on the closing price on Euronext Growth Oslo on 23 October 2024. This corresponds to an estimated market capitalisation of NOK 457 million.
Trond Crantz, CEO of Argeo, said: “We are very pleased having completed the journey from a startup company on Euronext Growth Oslo to a fully operational global subsea company on Euronext Oslo Børs. This is a significant milestone in Argeo’s development and comes as a result of consistent growth and strong performance. This achievement reflects our commitment to delivering value to our market-leading customers through operational excellence, combined with our unique proven technology.”
Caption: Trond Crantz, CEO of Argeo, rang the bell this morning to celebrate the transfer to Euronext Oslo Børs. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB)
About Argeo
Argeo is a complete subsea service provider operating in three major verticals: Oil & Gas, Marine Minerals, and the Renewables sector. The company offers a unique package combining robust vessels, superior AUVs, advanced sensors, digital imaging technology, and an intuitive digital platform that collects complex data and brings it to life. With their own vessels and superior AUVs, they provide fast and flexible full-lifecycle services, including survey, inspection, maintenance, and repair, increasing efficiency and reducing the carbon footprint for global industry-leading customers. Argeo has provided subsea services since 2020 and has offices in Asker (Oslo), Edinburgh, Houston and Rio de Janeiro. Please visit www.argeo.no for more information.
