New owners in 1997: West Industri Service AS (47%), DSND Subsea AS (34%), Luster Kommune/Luster Sparebank (7%) og LMI Ansattes aksjestiftelse (12%).
DSND Subsea AS established the Luster Fabrikasjonsbase in 1997. DSND Subsea AS was acquired by Subsea7 and continued the operations forward to 2007.