Wilhelmsen Ship Management Buys Half of NorSea Wind
- Business & Finance
Wilhelmsen Ship Management (WSM) is acquiring a 50% stake in NorSea Wind and its subsidiaries with an aim to strengthen its foothold in the offshore and onshore wind sectors.
WSM said that with the buy of the 50% share it aims to offer a unified and integrated solution to the wind energy market.
“NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market,” said Carl Schou, President and CEO of WSM. “The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain.”
According to NorSea CEO John Stangeland, the acquisition provides a growth opportunity for both parties to meet future requirements in the wind energy sector.
WSM and Norsea Group, both part of the Wilhelmsen group companies, signed a framework agreement last year to provide a complete technical maintenance solution for TenneT’s offshore and onshore transformer stations and AC electricity transmission systems.