Acquisition of A2Sea by GeoSea becomes effective

By Curious

On 31 August 2017, the acquisition of A2SEA by Belgian GeoSea became effective following the approval by the international competition authorities.

Acquisition of A2Sea by GeoSea becomes effective

The agreement was signed in July, where the former owners DONG Energy and Siemens International Holding BV agreed to sell the full ownership of A2SEA to GeoSea. 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 at A2SEA; “We are very pleased to 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 furthermore, we take pride in delivering projects to the full satisfaction of our customers. We look forward to the co-operation drawing on the expertise from our new colleagues in GeoSea.”

Luc Vandenbulcke, Managing Director GeoSea: “The activities of A2SEA represent a strong and complementary fit with the operations of GeoSea. While GeoSea is mainly specialised in foundation works and in the engineering, procurement, construction and installation (EPCI) of the Balance of Plant for offshore wind farms, A2SEA is a pioneer in transporting and installing turbines. Many times GeoSea has worked on projects where A2SEA later on installed turbines. Our combined organisation will be well-positioned to provide a broader range of integrated services and solutions to renewable energy customers.”

Related news: GeoSea acquires full ownership of A2SEA

Source: A2Sea