Van Oord acquires Ballast Nedam Offshore activities

Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated engineering, procurement, contracting and installation (EPCI) staff, heavy lift installation vessel Svanen and the 144MW Westermeerwind project. The activities will be integrated into Van Oord’s Offshore Wind Projects business unit. The acquisition will strengthen Van Oord’s leading position in the offshore wind market for north-west Europe.

This acquisition is part of Van Oord’s strategy to expand its Offshore Wind Projects (OWP) business unit. Van Oord’s OWP business unit can contribute to the objectives of the Dutch Energy Transition Agreement, which states that in the next ten years the generation of sustainable (renewable) energy must increase from 4% to 16%. “The acquisition is fully in line with our investment programme for the coming years”, says CEO Pieter van Oord. “The merger of the Ballast Nedam Offshore activities and our OWP activities will create a leading contractor for offshore wind projects.”