July 7 (Renewables Now) - Danish renewables-focused utility Dong Energy A/S (CPH:DENERG) and Germany's Siemens AG (ETR:SIE) have today signed a deal to sell offshore wind installer A2Sea A/S to GeoSea, a unit of Belgian dredging and marine engineering group DEME.
Dong and Siemens have owned A2Sea since 2009 but the offshore wind installation business is no longer within the scope of their core operations, the Danish utility said in a statement. Financial details were not provided. The deal is subject to authority approval and is expected to close in the third quarter of 2017.
Thomas Dalsgaard, executive vice president in Dong Energy and chairman of A2Sea, expects A2Sea to still be a key supplier to Dong Energy's future projects.
A2Sea, which will continue to operate out of Denmark, is currently installing turbines at the Dudgeon and Race Bank offshore wind farms in the UK. Future assignments include Arkona, Hornsea Project One, Horns Rev 3 and East Anglia One.
GeoSea managing director Luc Vandenbulcke said that A2Sea is a strong fit with GeoSea's operations and the combined organisation will be able to provide a broader range of integrated services to offshore wind energy customers.
It has been reported that a buyer for A2Sea has been sought since last summer. Berlingske Business in March named Dutch shipping group Vroon, Belgium's DEME, Norway-based Fred Olsen and UK peer MPI Offshore as potential buyers in addition to China's ZPMC.