Australian engineering outfit Worley has acquired UK company 3Sun Group for an enterprise value of £20m, marking the former’s entry into the European offshore wind market.
Worley said the purchase will provide it with a “leading position in the high growth offshore wind energy services sector in the UK and Europe”.
The company said the benefits of the acquisition include entry into the growing operations and maintenance (O&M) business and expansion in North America and Asia Pacific through the combination of the 3Sun’s capabilities and Worley’s global presence.
Worley said its financial strength and technical expertise will also allow the company to extend 3Sun’s capabilities to larger projects and longer-term O&M contracts, while the former’s data analytics and management capability will provide additional benefits to 3Sun customers.
Worley chief executive Andrew Wood said “We are excited by the opportunities that are presented by the 3sun acquisition.
“We are pleased to enter into the UK and European offshore wind energy markets via one of the leading providers of O&M services.
“We believe that the combination of Worley’s international platform and 3Sun’s expertise will provide a catalyst for us to grow a global O&M business in the offshore wind market.
“This acquisition demonstrates Worley’s commitment to the renewables sector in the energy transition.”