NorSea Group acquires wind power companyCompany News // October 2, 2015
Through its wholly-owned Danish subsidiary Danbor, NorSea Group has acquired Danish wind power company Øer. The acquisition strengthens NorSea Group's expertise and capacity in the wind power market and the company can now deliver services along the entire value chain.
NorSea Group says the offshore wind market is experiencing strong growth. "Going forward there will be a strong need for services, both installation and maintenance. We want to be competitive in this market. Both NorSea Group and its owners (Wilh Wilhemsen, Eidesvik and Møkster) have extensive expertise, infrastructure and equipment that we wish to utilise for the wind power market, especially offshore wind," the company said.
"Our goal is to be a partner that can deliver services across the entire value chain, both installation and operation of windfarms. We will initially focus on the North Sea and the Baltic Sea but we envision being able to deliver to the global market," said Group CEO John Egil Stangeland.
ØER was founded in 1963 and carries out business in Denmark, Germany, the UK and France. It has developed solid experience and expertise in all types of technical maintenance, repair work and installation of wind turbines. The company has 120 employees and has entered into contracts with the key players in the market.
ØER will continue to operate as an independent company, wholly owned by NorSea Group's Danish subsidiary Danbor.
"The acquisition of ØER has given us a strong international platform for continued growth in the installation, operation and maintenance and service of the wind turbine industry," said Jørn Bue-Madsen, CEO of Danbor.