Cape Investment Partners has acquired a majority shareholding in FoundOcean and Cape Holland from private equity investor Ambienta for an undisclosed price.
The new ownership structure aims to grow the companies market positions in the “rapidly expanding” offshore wind sector and recoup in the offshore oil and gas markets.
Cape Holland provides vibro technology for use in pile driving and handling, while FoundOcean supplies offshore construction grouting.
FoundOcean chief executive Jim Bell said: “We are delighted that Cape Investment Partners has chosen to invest in FoundOcean as this will allow the company to continue its growth, develop its technology, and maintain its leading position in the markets it serves.”
Cape Holland chief executive Laurens de Neef said: : “I’m delighted that, with the new shareholding structure, we are able to maintain our independent position within the industry and fully focus on our global expansion of our unique pile driving services.”
Cape Investment Partners is a consortium of investors based in Amsterdam.
Ambienta had been a shareholder in the two companies since 2012.