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Buss Group has acquired SSC Wind from Wildeshausen with an aim to expand its services in the offshore and onshore wind markets. The company, which will operate under the name Buss Wind Services GmbH, added the aspects of installation and long-term services for turbines to Buss' project business in offshore and onshore wind. The acquisition saw the addition […]
MacGregor, part of Cargotec, has received a clearance decision from the South Korean Fair Trade Commission for its acquisition of the marine and offshore businesses of TTS Group ASA.
Prysmian Group and General Cable Corporation have received the last of the regulatory approvals necessary for Prysmian's acquisition of General Cable, which is now expected to be finalized on 6 June 2018.
A number of consented offshore wind projects present a big opportunity to get BiFab back on its feet, according to the Scottish Government. BiFab was acquired by Canadian JV Driver in April as part of the government's intervention to save the Fife-based company, however, it still needs new contracts to secure its future operation.
Subsea 7 has completed the acquisition of Siem Offshore Contractors (SOC) and cable lay vessel Siem Aimery and support vessel Siem Moxie.
General Cable Corporation’s shareholders have approved the acquisition of the company's 100% share by Prysmian Group.
Royal IHC completed the acquisition of Oceanteam's Dutch-based engineering and consultancy company KCI The Engineers with the signing of the Sale and Purchase Agreement and ancillary documents on 15 January.
Global Marine Group (GMG) has completed the acquisition of Fugro's trenching and cable lay services business.
After James Fisher and Sons took over Hughes Sub Surface Engineering Limited (HSSE) last year and Rotos 360 in March, the company's unit dedicated to marine renewables, James Fisher Marine Services (JFMS), has acquired Insight Marine Projects – a specialist survey company headquartered in Cornwall.
The European Commission has approved unconditionally the acquisition of LM Wind Power of Denmark, by General Electric Company (GE) of the US after concluding that the proposed acquisition would not result in a significant reduction in competition in the EU's Single Market.
International law firm Watson Farley & Williams (WFW) advised Copenhagen Infrastructure Partners (CIP) on the acquisition of 100% of OffshoreMW, which holds a 675km² offshore wind energy lease off the coast of Massachusetts. Outside the US, CIP already owns stakes in two offshore wind farms – the 588MW Beatrice in the UK and the 402MW Veja Mate in Germany, with […]
As of today (4 April), Dutch consultancy and engineering company Grontmij goes under the name Sweco Nederland. Grontmij was acquired by Sweco on October 1, 2015. ''We were already part of the Sweco family and are proud that we now carry the name," said Ton de Jong, CEO of Sweco Nederland. Sweco said that, through the acquisition, it can […]
3i Infrastructure plc and AMP Capital have completed the joint acquisition of 100% of Danish company ESVAGT A/S from Maersk Group, following clearance from the European Commission under the EU Merger Regulation. The transaction was announced in July this year, where by 3i Infrastructure invested £111m to acquire its 50% interest. “The sale to 3i Infrastructure […]
European Commission is set to approve GE’s acquisition of French company Alstom for the sum of €12.35bn, reports Agence France-Presse. A source close to the matter said the European Competition Commissioner Margrethe Vestager will hold a press conference later today to make the announcement, following the weekly European Commission meeting. The EU was concerned about […]
Atlas Professionals completed the acquisition of a 100% interest in Subserv Pro Ltd (SSP) and ORCA Offshore Ltd (ORCA). Based in Banbury, the office will expand Atlas’ UK network, bringing together two agencies in the niche markets of ROV, Diving, Inspection and Renewable Energy. Marcus Chandler, Managing Director of SSP said: “When selecting the new custodians […]
Team Humber Marine Alliance (THMA) has welcomed DONG Energy taking full control of the Hornsea Round 3 wind zone, one of the world’s biggest offshore wind development schemes. Mark O’Reilly, CEO and chairman of THMA, one of the UK's offshore and marine business development organisations, said: “THMA is delighted that DONG Energy has progressed its […]
Atlantis has completed the acquisition of Marine Current Turbines Limited (MCT) from Siemens AG in an all share deal, conditional upon admission of the consideration shares. Accordingly, as consideration for the acquisition, Atlantis has issued 9,911,577 new ordinary shares of no par value in the Company to Siemens AG, increasing the Company's total number of […]
Mid October 2014, DEME’s marine foundations specialist GeoSea announced the upcoming acquisition of offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. The financial close of the transaction has now been achieved. HOCHTIEF sold all its offshore assets to marine contractor and long-term partner GeoSea. GeoSea acquired full control of jack-up vessels ‘Innovation’ and […]
Rapid Holding GmbH, owned by Centerbridge Partners, plans to issue EUR 400 million in aggregate principal amount of senior secured notes to partially fund the acquisition of German wind turbine developer, Senvion. Net proceeds of the offering of the Notes, which are due in 2020, will be used together with equity contributions from Centerbridge affiliates […]
Following the recent news that Centerbridge Partners LP, USA had bought 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group, MAKE Consulting (MAKE) informed that it acted as a commercial due diligence advisor to Centerbridge Partners LP. The EUR 1 billion worth transaction, which is subject to anti-trust clearance, is planned to […]
The European Commission has given their blessing to the acquisition of the assets of TAG Energy Solutions Limited by a newly created joint venture controlled by Bladt Industries A/S of Denmark and EEW Special Pipe Constructions GmbH of Germany. Last year the joint venture decided to invest in former TAG site after the UK offshore […]
NIBC has advised Ballast Nedam on sale of Ballast Nedam Offshore. Namely, in early 2014 Ballast Nedam asked NIBC to examine the strategic options for the offshore business. After careful consideration of a number of options, Ballast Nedam and NIBC concluded that the sale of Ballast Nedam Offshore – at the right price – was the […]
Stonehenge Metals Ltd has successfully completed its due diligence in relation to the option agreement with Protean Energy Limited. The only completion pre-condition remaining is the execution of the formal transaction documents, which along with final completion, is expected to occur within the next 7 days. The agreement with PEL grants Stonehenge an exclusive 24 […]
Green Giraffe Energy Bankers (GGEB) supported Laidlaw Capital Group in its acquisition of the Veja Mate offshore wind project, situated off the German North Sea coast, from the BARD Group. Veja Mate is a fully permitted 400 MW project, and benefitting from a binding grid connection. It neighbours the Deutche Bucht offshore wind project, also […]
SgurrEnergy supported private equity investors, PKA AIP and a consortium of Danish pension funds, in the acquisition of the 252MW Gode Wind II offshore wind farm in the German North Sea. Providing technical due diligence for the acquisition, SgurrEnergy’s scope included a review of project operation strategies and contracts, energy yield, design, permitting and environmental […]
Blackbird International Corporation announced that it has finalized the procedures for the acquisition of SDE Ltd. It had previously released news that it had exchanged a Letter of Intent with SDE Ltd for purposes of a merger. Blackbird shall acquire 100% of the shares of the target company in exchange for restricted stock. The date […]