DEME announced the signing of an agreement to acquire Havfram , a Norwegian company specializing in offshore wind infrastructure. With this transaction, the Belgian company seeks to consolidate its leadership in the European offshore market and expand its operational capacity in turbine and foundation installation .
Havfram acquisition boosts strategic offshore integration
The acquisition comes at a pivotal time for the sector, with growing demand for sustainable wind infrastructure solutions. Havfram, backed by Sandbrook Capital and PSP Investments, is building two state-of-the-art wind turbine installation vessels , scheduled for delivery in late 2025 and early 2026 .
These vessels already have contracts assigned for projects in 2026 and will join the DEME fleet, which will now be able to respond more quickly to complex, large-scale projects.
Expansion of capabilities and project portfolio
Oslo-based Havfram has an order book valued at approximately €600 million , including contracts for some of the world’s most ambitious offshore wind farms . This addition allows DEME to increase its operational flexibility and improve interchangeability between equipment and projects.
According to DEME, the transaction also includes capital expenditures to complete the vessels under construction, bringing the total deal value to approximately €900 million . Closing is expected by the end of April 2025.
Synergies and operational continuity
Luc Vandenbulcke, CEO of DEME, emphasized that this investment reaffirms the company’s commitment to the global energy transition.
Havfram’s experience in transportation and installation complements our growth and diversification strategy in offshore renewable energy.
Vandenbulcke commented.
Until the acquisition is completed, Havfram will continue to operate as an independent entity. DEME has stated that it will prioritize service continuity for Havfram’s current customers and ensure an orderly transition for its employees and strategic partners.
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Source and photo: DEME
