Global Marine Swoops On CWind

Photo: CWind/ archive

Global Marine Systems Limited has acquired a majority interest in CWind Limited. 

CWind has supported the construction and operation of over 26 wind farms in the North Sea, Irish Sea and the Baltic. In 2014, the company opened an office based in Bremen, Germany.

Ian Douglas, CEO of Global Marine, said: “I strongly believe the acquisition of CWind demonstrates our commitment to both growth and the offshore renewables market. We recognise the need for greater efficiency and lower costs for our customers and will continue to position ourselves to address the evolving needs of new and existing offshore windfarms and the challenges as we move further offshore.”

Chris Randle, CEO of CWind, said: “We share a vision for the long-term sustainable growth of the business in the offshore wind and renewables sector. Global Marine has over 165 years of subsea experience and that, combined with CWind’s integrated service offering, means we can provide unparalleled value for our clients in construction and O&M, positioning the company to fully exploit the opportunities in front of us.”

In its last financial year finishing 30 September 2015, CWind had total annual revenues of £26 million. Global Marine reported revenues of £88.9 million during the same period.

Share this article

Follow Offshore Wind

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SNS2018 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England…

read more >

Maritime & Offshore Career Event (MOCE)

There is something for everyone; MOCE is not only for starters, experienced professionals also visit the event to find their next career move…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

Offshore Wind jobs in Taiwan at New Power Partners

New Power Partners offers global management and support services to the Offshore Wind Industry within development, planning and construction activities ...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

Vessels>