Norwegian outfit Wilhelmsen Ship Management is to acquire 50% of compatriot company NorSea Wind and its subsidiaries with the aim of offering a unified and integrated solution to the renewable wind energy market.
NorSea Wind, which is a subsidiary of Norsea Group, provides project management and logistics planning throughout all stages for on and offshore wind farm projects.
Wilhelmsen Ship Management president and chief executive Carl Schou said: “NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market.
“This acquisition complements WSM’s strong experience in marine asset operation and maintenance.
“The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain.”
Norsea Group president and chief executive John Stangeland said: “This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector.
“With the rapid market development, our combined competencies as a total solution provider will be best positioned to support stakeholders on the evolving journey.”