Eidesvik Reach has concluded the Viking Reach sale, with the IMR ship handed over on 26 October 2026. Reach Subsea said the deal closed on the terms set out in August.

The delivery was confirmed in Eidesvik Offshore’s sale completion notice. The selling joint venture is owned 50.1% by Eidesvik Offshore and 49.9% by Reach Subsea. Its vessel disposal was accompanied by the sale of Reach Subsea’s onboard work-class remotely operated vehicle (WROV).

Built in 2009 and measuring approximately 85 metres, Viking Reach is an inspection, maintenance and repair (IMR) vessel formerly named Edda Sun. The partners bought the ship in early 2023 for about EUR 25.5 million.

Neither seller named the buyer in its October notice. However, Asso Group had disclosed an acquisition agreement on 4 August. The buyer planned to rename the vessel Arete and register it in Greece, with trenching support as its principal role. The October notices did not establish whether the planned name and flag changes had been carried out.

Offshore Energy reported that Eidesvik Offshore, in a social media post marking the closing, identified the Mediterranean as the ship’s next destination.

Asso Group had outlined potential work in offshore wind, alongside the preparation of cable routes, cable protection and burial after laying. It listed a 70-tonne active heave compensated crane, WROV and survey systems among the onboard equipment.

In August, Reach Subsea had estimated that the WROV disposal would generate about NOK 30 million in accounting profit. It anticipated a further gain of roughly NOK 40 million attributable to its holding in Eidesvik Reach. Both amounts were expected to be recognised in the fourth quarter of 2026 when the transaction closed.

Eidesvik Offshore had separately projected a gain of around NOK 80 million. The October completion notices supplied no updated or final gain amounts.