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Monday, June 24, 2019

Maritime Logistics Professional

June 5, 2019

Wilhelmsen Acquires 50% of NorSea Wind

Image: Norsea Wind AS.

Image: Norsea Wind AS.

Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.

NorSea Wind, founded in 2016 as a subsidiary of  Norsea Group, provides project management and logistics planning throughout all stages for on and offshore wind farm projects.

It is the focal element within Norsea Group where it integrates all service offerings for the wind energy segment as it’s go-to-market strategy. Its accumulated expertise and experience combined with proven track record globally provide a market leading proposition.

“NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market” explains Carl Schou, President and CEO of Wilhelmsen Ship Management.

“This acquisition complements WSM’s strong experience in marine asset operation and maintenance. The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain,” Carl added.

John Stangeland, President and CEO of Norsea Group AS, also commented “This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector. With the rapid market development, our combined competencies as a total solution provider will be best positioned to support stakeholders on the evolving journey.”

WSM and Norsea Group are part of the Wilh Wilhelmsen group companies.  NorSea Wind will be positioned as the group’s platform towards the global renewable wind energy market.

In 2018, WSM, together with Norsea Wind, secured a frame agreement to provide a complete technical maintenance solution for TenneT’s off and onshore transformer stations and AC electricity transmission systems.