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DEME Expands Renewable Energy Reach with Havfram Acquisition
DEME strengthens its leadership in the renewable energy sector by acquiring Havfram, a key player in offshore wind infrastructure, expanding its fleet and capabilities.
DEME Expands Renewable Energy Reach with Havfram Acquisition
In a strategic move to bolster its presence in the offshore wind energy sector, DEME (Euronext: DEME) has announced the acquisition of Havfram, a leading Norwegian offshore wind infrastructure company. This acquisition, valued at approximately 900 million euros, is set to enhance DEME's competitive positioning, particularly in turbine and foundation installations, and to strengthen its capabilities in the growing renewable energy market.
Founded in Norway, Havfram specializes in providing transport and installation services for the offshore wind sector. The company is known for its innovative approach to offshore wind infrastructure and is currently constructing two state-of-the-art wind turbine installation vessels. These vessels, set to be delivered in 2025 and 2026, will play a pivotal role in supporting the construction of some of the world's largest offshore wind farms from 2026 to 2030. With an existing order book of approximately 600 million euros, Havfram's expertise in turbine installation and foundation construction positions it as a vital player in the industry.
Luc Vandenbulcke, CEO of DEME, expressed enthusiasm about the acquisition, emphasizing the synergies it creates with DEME's existing fleet. Adding Havfram's specialized vessels will significantly enhance DEME's flexibility in offshore wind projects, allowing the company to deliver even greater value to its customers. According to Vandenbulcke, integrating Havfram's expertise with DEME's operations will strengthen the company's leadership in offshore wind, positioning it to meet the increasing global demand for renewable energy solutions.
The acquisition process is expected to conclude by April 2025, following the completion of customary closing conditions. Once finalized, Havfram will be integrated into DEME's Offshore Energy segment, marking a new chapter for the offshore wind energy sector company. The transaction, funded through external financing and internal resources, will ensure a smooth transition while maintaining continuity for Havfram's customers, employees, and stakeholders.
For professionals in offshore energy and renewable sectors, this acquisition highlights the growing importance of offshore wind energy in the global energy transition. As companies like DEME and Havfram align their operations to meet the increasing demand for sustainable energy solutions, staying updated on industry trends and strategic partnerships is crucial. The acquisition also signifies the ongoing trend of consolidation in the renewable energy sector, where companies are increasingly joining forces to capitalize on the immense potential of offshore wind.
At SA Operations, we recognize the significance of this development and its impact on the offshore wind sector. As the market continues to evolve, the need for skilled professionals in offshore wind infrastructure and related services grows. This acquisition further underscores the opportunities for talent in offshore wind and renewable energy projects.
About SA Operations
SA Operations specializes in recruiting highly skilled professionals for offshore and onshore projects in the Oil and gas, Renewables, and maritime industries. Offering comprehensive recruitment, head-hunting, and payroll solutions, the company delivers specialized talent for projects ranging from subsea operations to renewable energy development. SA Operations is committed to providing industry-leading solutions and ensuring seamless project execution for clients across the globe.
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