- DEME will acquire Havfram for €900 million, including two advanced offshore wind installation vessels under construction.
- The acquisition expands DEME’s global offshore wind footprint, adding €600 million in contracts from 2026 to 2030.
- Havfram will integrate into DEME’s Offshore Energy division, enhancing turbine and foundation installation capabilities.
Belgian maritime giant DEME Group NV has signed a deal to acquire Norway-based Havfram Wind Holdco AS in a €900 million transaction. The agreement includes fully acquiring Havfram’s shares and remaining capital for two vessels still under construction.
The deal reflects DEME’s strategy to expand its capabilities in the offshore wind sector. It is expected to close by the end of April 2025, pending regulatory approvals and other standard conditions.
DEME is listed on the Euronext Brussels stock exchange. The company is a global player in dredging, marine engineering, and offshore energy services.
Havfram, headquartered in Oslo, specialises in offshore wind transportation and installation. The company is owned by Sandbrook Capital and Canada’s Public Sector Pension Investment Board (PSP Investments).
Sandbrook Capital focuses on climate infrastructure investments. PSP Investments is among Canada’s largest pension fund managers. Havfram employs about 50 people and manages an order book worth €600 million. Its current projects span from 2026 to 2030.
Two key assets in the acquisition are Havfram’s vessels, which are under construction. These ships are designed for next-generation offshore wind turbine installation and are scheduled for delivery in late 2025 and early 2026.
Both vessels are booked for major offshore wind projects starting in the second half of 2026. Their advanced design makes them ideal for future large-scale turbine installations.
After the acquisition, Havfram will join DEME’s Offshore Energy division. DEME will finance the deal using a mix of internal funds and external financing, as done in previous investments.
DEME CEO Luc Vandenbulcke described the acquisition as strategic. “Havfram brings remarkable technological expertise and vessels designed for next-generation turbines,” he said. “They perfectly complement our current fleet.”
He added that the integration would boost DEME’s flexibility and leadership in offshore wind turbine and foundation installation.
The Belgian firm also pledged to maintain business continuity for Havfram’s existing clients. It assured all stakeholders that employees’ and clients’ interests would be considered during the transition.
Until the deal is finalised, Havfram will continue operating independently. DEME has emphasised a smooth transition with minimal disruption.
This acquisition marks a key milestone in DEME’s offshore wind expansion. It strengthens the company’s position in a competitive and fast-growing global market.
With this move, DEME deepens its presence in Northern Europe and enhances its service offering. It also adds highly specialised vessels to its existing fleet.
The purchase also signals growing consolidation in the offshore wind sector. As demand for renewable energy rises, firms like DEME are positioning for scale and efficiency.
Havfram’s addition is expected to boost DEME’s project execution capacity, helping the Belgian firm meet the increasing global demand for complex offshore wind infrastructure.
DEME has consistently invested in technology and fleet expansion. This deal is another step in that direction.
Companies like DEME seize opportunities to lead as nations push for energy transition. The Havfram acquisition is a strong statement of DEME’s long-term vision in offshore wind.