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Fri February 26 2021

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Van Oord buys Ballast Nedam’s offshore wind business

2 Dec 14 Van Oord has reached an agreement to buy the activities of Ballast Nedam Offshore and integrate them into its offshore wind projects business unit.

Assets include the heavy lift installation vessel Svanen
Assets include the heavy lift installation vessel Svanen

The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated engineering, procurement, contracting and installation staff, heavy-lift installation vessel Svanen and the 144 MW Westermeerwind project. The move is in line with Van Oord’s strategy to expand its Offshore Wind Projects (OWP) business unit.

Van Oord aim is for the OWP business unit to contribute to the objectives of the Dutch Energy Transition Agreement, which states that in the next 10 years the generation of renewable energy must increase from 4% to 16%. Van Oord carried out the construction of offshore wind projects since 2002 and Ballast Nedam Offshore was involved in building the first Dutch offshore wind park, Egmond aan Zee.

“The acquisition is fully in line with our investment programme for the coming years,” said CEO Pieter van Oord. “Earlier this year our dedicated installation vessel for offshore wind projects, Aeolus, became operational and we invested in a new vessel for cable-laying activities, Nexus, which will be operational within a few months. Heavy lift vessel Svanen successfully installed more than 500 foundations and complements our installation capabilities. The merger of the Ballast Nedam Offshore activities and our OWP activities will create a leading contractor for offshore wind projects.”

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