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Van Oord to acquire Ballast Nedam offshore wind activities

CTBR Staff Writer Published 01 December 2014

Van Oord has agreed to acquire the offshore wind activities of Dutch-based construction and engineering firm Ballast Nedam.


The transaction covers Svanen heavylift vessel, engineering, procurement, contracting and installation (EPCI) staff, and the 144MW Westermeerwind project.

Both the companies did not disclose the financial terms of the deal, which will be completed shortly.

Van Oord will integrate the acquired activities into its offshore wind projects (OWP) business unit.

The OWP unit can help achieve the Dutch Energy Transition Agreement's goal of increasing renewables from 4% up to 16% of the country's electricity generation in the next 10 years, Van Oord said.

Van Oord CEO Pieter van Oord said: "The acquisition is fully in line with our investment program for the coming years.

"Earlier this year our dedicated installation vessel for offshore wind projects, Aeolus, became operational and we invested in a new vessel for cable-laying activities, Nexus, which will be operational within a few months.

"Heavy lift vessel Svanen successfully installed more than 500 foundations and complements our installation capabilities. The merger of the Ballast Nedam Offshore activities and our OWP activities will create a leading contractor for offshore wind projects."

Van Oord has been involved in offshore wind developments since 2002. The company worked on projects such as Princess Amalia in the Netherlands, Belwind in Belgium, Teesside in the UK, and DanTysk in Denmark.

Image: Svanen heavy lift vessel installed over 500 foundations. Photo: Courtesy of Van Oord.