The European Commission has approved the acquisition by Boskalis of Volker Wessels Offshore.
The decision, made under EU merger regulations, gives Boskalis the go ahead to acquire the Stemat Holding, Volker Stevin International Holding and VBMS Holding units of Volker Wessels Offshore.
The businesses provide global maritime services including renting and leasing of commodity vessels, installation, maintenance and replacement services of subsea power cables and offshore construction services.
The commission said the proposed acquisition raises no competition concerns, because it would not significantly change the market structure.
The operation was examined under the simplified merger review procedure.
Image: Boskalis
