- Business
- Scana ASA, an active industrial owner, provides technology and services to the offshore and energy industries through its portfolio companies. The company operates primarily in two segments, Energy and Offshore; its core offerings include stress joints, mooring systems, actuators, blowout preventers (BOP), risers, maintenance services, and surface treatment products; energy storage solutions, shore power systems, and energy modules; design and integration of electrical power systems, electrical infrastructure, and control systems; riser applications and specialist subsea equipment for rig servicing; inspection, survey, and repair (ISR) services; intervention, maintenance, and repair (IMR) lifecycle services for rigs and vessels; and valve control systems, mooring solutions for shipping, energy, and aquaculture sectors. Scana ASA owns key subsidiaries including Skarpenord, a supplier of valve control systems; Seasystems, which delivers system solutions in offloading, anchoring, turrets, and swivels for oil and gas, aquaculture, and floating wind power; and Subseatec, a provider of customized steel products for oil and gas. Founded in 1976 and headquartered in Bergen, Norway, Scana conducts operations in Norway, other European countries, the United States, Asia, and Africa, targeting customers in marine, offshore, maritime, and decarbonization sectors with a focus on electrification and emission reduction. Formerly known as Incus Investor ASA, the company changed its name to Scana ASA in May 2020; recent developments include PSW Power & Automation securing a significant contract in 2024 for mobile DC chargers and integrated battery systems, with delivery slated for the first half of 2025; Equinor exercising the first option under a frame agreement in March 2025 with an estimated value of up to NOK 450 million; and a contract secured in October 2025 for offshore wind E-House modules.