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Wilhelmsen Ship Management buying 50% of NorSea Wind

Offshore wind farm. Image Source: Equinor

June 5 (Renewables Now) - Wilhelmsen Ship Management (WSM) is acquiring a 50% stake in NorSea Wind AS to beef up its foothold in the wind energy market, the buyer announced in a statement.

NorSea Wind offers project management and logistics planning throughout all stages of an offshore wind project. Its services include the operation and maintenance (O&M) of wind turbines and high voltage direct current (HVDC) platforms, as well as marine support. The firm is currently owned by Norsea Group, which, alongside ship manager WSM, is part of the Wilh Wilhelmsen group of companies.

“The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain,” commented Carl Schou, president and CEO of Wilhelmsen Ship Management.

WSM noted that following the stake purchase, it will use NorSea Wind as the platform through which to serve the global wind energy market. The two firms last year secured a frame agreement to deliver a complete technical maintenance solution for TenneT’s offshore and onshore transformer stations and AC electricity transmission systems.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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