Belgian marine engineering giant DEME has completed its acquisition of Norwegian offshore wind contractor Havfram in a deal valued at approximately 900 million euros, reports gCaptain.
The acquisition, first announced on April 9, 2025, sees DEME Offshore Holding NV taking full ownership of Havfram Wind Holdco AS from previous shareholders Sandbrook Capital and the Public Sector Pension Investment Board (PSP Investments).
Following the closing of the acquisition of Oslo-based contractor Havfram by Belgian marine services and dredging group DEME, the chief executive officer of the Norwegian firm has stepped down from her role.
Havfram acquisition deal
DEME submitted a bid to take over stakes in Havram held by private investment firm Sandbrook Capital and Canadian pension fund PSP Investments in early April, as well as, among others, the cost needed to complete two wind turbine installation vessels under construction in China.
The Belgian firm officially closed the £760m ($1bn) acquisition of Havfram late last week. The acquisition will see DEME expand its presence in the offshore wind energy sector and strengthen its position in the turbine and foundation installation business.
As a result of the completed acquisition, Ingrid Due-Gundersen stepped down from her position as Havfram CEO. Even Larsen will now take the role of managing director under DEME ownership.
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Source: gCaptain
