TGS has acquired 4C Offshore, a market intelligence consultancy providing research and insights to big players in the offshore wind industry.
TGS has acquired 4C Offshore, a market intelligence consultancy providing research and insights to big players in the offshore wind industry.
Based in Lowestoft, UK, with 29 employees, 4C Offshore provides data on more than 2000 offshore wind projects. The company has almost 350 clients and in 2020 subscription payments for the company’s data services accounted for almost 80% of revenues.
‘The company carries a strong reputation within the industry for its quality data that is highly trusted for asset-level decisions. The strengths of 4C Offshore fit perfectly with TGS’s ambition to become the leading global provider of energy data and insights to support decision-making processes across the energy value chain,’ said Kristian Johansen, TGS CEO.
Chris Anderson, chairman and CEO at 4C Offshore, said: ‘Last year renewable electricity sources grew at their fastest rate in two decades, despite the pandemic. Together with TGS, we expect to grow and improve upon our services and capitalize on the expected increase in demand for high quality data and insights on offshore wind.’
