Acquisition of A2SEA by GeoSea becomes effective

Saturday, 2 September, 2017 - 17:00

On September 1st, 2017, the acquisition of A2SEA by Belgian GeoSea has become effective following the approval by the international competition authorities.

The agreement was already 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 specialized fields of dredging, marine engineering and environmental remediation.

Michael Glavind, CEO at A2SEA, commented: “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.”

A2SEA / Silke Funke

Similar Entries

Siemens Gamesa’s strong commercial performance in Q1 FY2020 reaffirms long-term prospects

The change of model towards clean energy accelerated commercial activity, as strong order intake in Q1 FY 2020 (+82% YoY) boosted the order book to €28,089m. Sales stood at €2,001m and the balance sheet remains sound, with €175m in net cash. Despite good long-term prospects, the complex situation in the industry and extraordinary costs in executing five onshore projects located in Northern Europe had a negative impact on profitability.

EnBW Offshore Windpark Baltic 2 (pict. EnBW)

Service for EnBW Baltic 2 to be provided from Danish port of Klintholm

One of Germany’s largest offshore wind farms in the Baltic Sea, EnBW Baltic 2, is to be serviced from August 2020 from the Danish port of Klintholm on the island of Møn. Until now, the company’s service team – up to 25 in number – have travelled from Rostock to a hotel vessel close to the wind farm.

Working platform for the repair of rotor blades demonstrated on offshore wind turbine

Windea Offshore, together with its partner WP Systems, has taken another step towards establishing the WINDEA Blade Service concept. Last week the operation of the working platform System terra was successfully demonstrated at a Siemens SWT-3.6 offshore test turbine in the German district of Nordfriesland.

Turbine #31 installed in the North Sea as the company’s second German project nears completion

All 31 monopile foundation turbines are installed at our offshorewind farm Deutsche Bucht. The remaining 2 turbines will be erected on Mono Bucket foundations. Last month, the first turbine began delivering power to the German grid. Commissioning of the 8.4 MW turbines is ongoing.