7 July 2017
Today, DONG Energy and Siemens signed an agreement with Belgian GeoSea stating that GeoSea will acquire the full ownership of A2SEA. A2SEA will continue to operate out of Denmark with offshore wind turbine service and installation.
DONG Energy and Siemens have been owners of A2SEA since 2009, when both companies needed to consolidate their position in the offshore wind market. However, owning A2SEA is no longer within the scope of their core businesses and therefore the divestment came naturally.
The Belgian company GeoSea operates within complex marine engineering projects and is owned by DEME Group, a world leader in highly specialised fields of dredging, marine engineering and environmental remediation.
Michael Glavind, CEO of A2SEA about the acquisition; “We are very pleased to be able to announce and not the least welcome our new owners, GeoSea. GeoSea is a well-known and highly respected contractor within offshore wind. To both companies, safety is of paramount importance, and further-more, we take pride in delivering projects to the full satisfaction of our customers. We welcome the acquisition and look forward to the cooperation.”
Luc Vandenbulcke, Managing Director GeoSea: “The activities of A2SEA represent a strong and complementary fit with GeoSea’s operations. The combined organisations will be well positioned to provide a broader range of integrated services and solutions to offshore wind energy customers. We continue to build on existing customer relationships and ensure a safe and reliable delivery of current and future projects.”
The transaction, which is awaiting authority approval, is expected to be completed in the third quarter of 2017.
A2SEA is a market leader within transportation and installation of offshore wind farms. Since its foundation in 2000, A2SEA has installed more than 1,500 turbines and 400 foundations. A2SEA recently completed installation of turbines on Burbo Bank Extension and is currently installing turbines at Dudgeon Offshore Wind Farm and Race Bank Offshore Wind Farm.
Upcoming projects include turbine installation on Arkona OWF, Hornsea Project One, Horns Rev 3 and East Anglia ONE. The company is headquartered in Fredericia with subsidiaries in Germany and the UK. A2SEA cur-rently has more than 180 employees dedicated to the offshore wind industry. www.a2sea.com
GeoSea is DEME’s specialist in complex offshore marine engineering projects. GeoSea offers a wide variety of services to owners of offshore assets, marine consultants and marine contractors in the sectors of offshore Oil & Gas, Renewa-ble Energy and Civil Engineering.
These services consist of the hammering and drilling of large diameter piles for off-shore constructions such as jetties, mooring facilities, bridges, offshore wind farms, the installation of offshore structures, platforms and geotechnical investigations at large depths. GeoSea employs more than 500 people. www.deme-group.com/geosea