Belgian marine outfit DEME has completed its €900 million acquisition of Norwegian offshore wind contractor Havfram.
The transaction has passed all customary closing conditions and DEME has acquired all of the shares in Havfram from Sandbrook Capital and PSP Investments.
The Havfram team will be integrated into DEME’s Offshore Energy segment under the DEME brand, while continuing to operate from its current location in Oslo.
A DEME spokesperson said: “This strategic step supports our ambition to expand our presence in the offshore wind energy market and is expected to strengthen DEME’s competitive positioning in turbine and foundation installations.
“Havfram brings a highly skilled team, two next-generation wind turbine installation vessels currently under construction, and a strong orderbook that includes some of the world’s largest offshore wind farm projects.
“The team will continue operating from Oslo, ensuring continuity for customers and ongoing projects.
“We’re pleased to welcome our Havfram colleagues to DEME as we continue shaping the future of offshore wind together.”
Havfram is currently building two next-generation wind turbine installation vessels that are expected to be delivered in the fourth quarter of 2025 and early 2026 respectively.
These two vessels have already been contracted for the second half of 2026.
Havfram has an orderbook amounting to approximately €600m, and this includes providing support for the construction of some of the world’s largest offshore wind farms for the period of 2026 to 2030.
DEME is financing the transaction using a combination of external funding and internal resources.