Van Oord acquires Ballast Nedam OffshoreCompany News // November 28, 2014
Van Oord has reached agreement to acquire Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the company's EPCI staff, heavy lift installation vessel Svanen and the Westermeerwind offshore wind project.
The activity will be integrated into Van Oord’s offshore wind business unit and will strengthen Van Oord’s position in that market.
Van Oord has been involved in the construction of offshore wind projects since 2002. The company’s track record includes the following projects: Princess Amalia Netherlands); Belwind (Belgium); Teesside (UK); DanTysk (Denmark).
Van Oord is now building two offshore windfarms in the Netherlands: Eneco Luchterduinen (120 MW) and Gemini (600 MW).
Ballast Nedam Offshore was involved in construction of the first Dutch offshore wind park, Egmond aan Zee (108 MW).
"The acquisition is fully in line with our investment programme for the coming years," said Van Oord's CEO Pieter van Oord.
"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.
"Svanen has successfully installed more than 500 foundations and complements our installation capabilities. The merger of the Ballast Nedam Offshore activities and our offshore wind activity will create a leading contractor for offshore wind projects."