MODEC is set to merge its wholly owned subsidiaries MODEC America and SOFEC from the start of 2026, a move that will integrate SOFEC’s expertise in permanent mooring systems and fluid transfer technologies directly into the MODEC Group as a new Mooring Solutions Business Unit. This strategic consolidation aims to strengthen MODEC’s position as a global leader in offshore production facilities and mooring technologies.
SOFEC, renowned for its innovative mooring solutions, will continue to supply SOFEC-branded systems to clients across the offshore industry. The company has a proven track record, having provided mooring systems for 49 FPSOs and FSOs built by MODEC, including four currently under construction. Over the past five decades, MODEC has delivered more than 50 floating production solutions for offshore oil and gas developments worldwide. The merger formalizes a collaboration that has been ongoing since 1988, marking a significant step in the evolution of both companies.
The integration is expected to streamline the delivery of floating facilities equipped with SOFEC mooring systems. By consolidating these operations, MODEC aims to enhance efficiency and provide a more cohesive service to its clients. The new Mooring Solutions Business Unit will not only support MODEC’s projects but also continue to serve other floater providers, ensuring that SOFEC-branded mooring solutions remain a valuable asset in the offshore industry.
“This strategic merger will allow the MODEC Group to provide an integrated project team to supply floating facilities with SOFEC mooring solutions to their clients, while enabling the Mooring Solutions Business Unit to support other floater providers with SOFEC-branded mooring solutions that deliver added value,” said Hirohiko Miyata, Group President and CEO.
The move underscores MODEC’s commitment to innovation and operational excellence in the offshore sector. By leveraging SOFEC’s specialized expertise and technology, MODEC is poised to offer more comprehensive and efficient solutions to its clients. This merger is not just about consolidation; it’s about creating a more robust, integrated approach to offshore production that can adapt and thrive in an ever-evolving industry.
As the offshore sector continues to demand more sophisticated and reliable mooring solutions, MODEC’s strategic merger positions the company at the forefront of this critical market. The integration of SOFEC’s capabilities into the broader MODEC Group framework is set to drive innovation, enhance service delivery, and solidify MODEC’s reputation as a leader in floating production solutions.