Belgian offshore engineering company DEME has completed its €900 million acquisition of Norwegian wind contractor Havfram, in a move aimed at strengthening its position in the global offshore wind market.
DEME said in a statement that the transaction has met all customary closing conditions and includes the full acquisition of Havfram’s shares from private equity firm Sandbrook Capital and institutional investor PSP Investments. The Norwegian company will now operate under the DEME brand within its Offshore Energy segment, while maintaining its base in Oslo.
“This strategic step supports our ambition to expand our presence in the offshore wind energy market and is expected to strengthen DEME’s competitive positioning in turbine and foundation installations,” a DEME spokesperson said.
Havfram brings with it a workforce of experienced offshore wind professionals, an orderbook valued at approximately €600 million, and two next-generation wind turbine installation vessels that are currently under construction. The vessels are expected to be delivered in late 2025 and early 2026, with contracts already in place for deployment starting in the second half of 2026.
“The team will continue operating from Oslo, ensuring continuity for customers and ongoing projects,” the spokesperson added. “We’re pleased to welcome our Havfram colleagues to DEME as we continue shaping the future of offshore wind together.”
DEME noted that it is financing the acquisition through a combination of internal resources and external funding.
The company did not disclose the precise structure of the financing, but emphasized that the deal aligns with its long-term strategy to scale up its offshore wind capacity in response to growing global demand for renewable energy infrastructure.
Havfram’s orderbook includes commitments to support the construction of some of the largest offshore wind farms in the world through the end of the decade.
