Argeo expands European presence with new office in Edinburgh

Dec 12, 2023 | News

Argeo, is proud to announce the establishment of a new office centrally located in Edinburgh. This strategic move reinforces the company’s commitment to enhancing its onshore capabilities and expanding its footprint in key industry hubs in the region.

The new office, located in the heart of Edinburgh, is poised to strengthen Argeo’s operational capabilities and facilitate closer collaboration with key stakeholders in the region.

The Edinburgh office is set to serve as a central hub for at least six new employees, specializing in onshore data processing, the newly created role of Project Surveyor, and certain administrative management positions. Argeo is actively seeking dynamic individuals, including forward-thinking students interested in internships, as well as recent graduates eager to embark on a career in the industry, to join this seventh location.

Argeo’s expansion into Edinburgh underscores its dedication to innovation, talent development, and strategic positioning within the industry. The move is expected to enhance the company’s ability to meet the evolving needs of its clients and drive continued growth in the subsea services sector.

“We are excited about the opportunities that our Edinburgh office will bring to Argeo. This expansion allows us to tap into the rich pool of talent available in the region and further solidify our position as a leading subsea service provider,” says Argeo CEO, Trond F. Crantz. 

 

 

 

Argeo delivers strong financial results in the first quarter

Argeo delivers strong financial results in the first quarter

Argeo achieved record growth in revenue, with an increase of 288% YoY to USD 9.5 million and an EBITDA of 2.9 million, an increase of +415% YoY. Net profit was USD 2.0 million, an increase of 238% YoY. The remaining backlog for 2024 now totals USD 54 million, whereas...