DEME Completes Havfram Acquisition
Deal News | May 02, 2025 | Globenewswire
DEME, listed on Euronext, has successfully completed its acquisition of Havfram, an international offshore wind contractor based in Norway. The transaction, which was initially announced on April 9, 2025, has been completed after fulfilling all customary closing conditions. The acquisition was valued at approximately 900 million euros, representing a significant expansion of DEME's presence in the offshore wind sector.
Sectors
- Renewable Energy
- Mergers and Acquisitions
Geography
- Belgium – DEME, the acquiring company, is headquartered in Belgium.
- Norway – Havfram, the target company, is based in Norway.
Industry
- Renewable Energy – The acquisition involves companies operating within the offshore wind sector, a key component of the renewable energy industry.
- Mergers and Acquisitions – The article discusses the completion of an acquisition, which is a central activity in the M&A space.
Financials
- 900 million euros – The purchase price of the acquisition of Havfram by DEME.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DEME | Acquirer | Company | DEME is a Belgian company listed on Euronext, specializing in dredging, environmental and marine engineering. |
| Havfram | Target | Company | Havfram is an international offshore wind contractor based in Norway. |