Havfram Acquisition Finalized: DEME Completes €900 Million Deal
Deal News | May 02, 2025 | Globenewswire
DEME, a company listed on Euronext, has finalized its acquisition of Havfram, a prominent Norwegian offshore wind contractor. The deal, initially announced on April 9, 2025, is valued at approximately €900 million. This acquisition is part of DEME's strategic expansion in the offshore wind industry. Havfram, known for its expertise in international offshore wind projects, provides a valuable addition to DEME's capabilities. The transaction has met all customary conditions, marking a significant milestone in DEME's growth strategy within the renewable energy sector.
Sectors
- Renewable Energy
- Offshore Construction
Geography
- Norway – Havfram is based in Norway, which is significant due to the country's expertise and resources in offshore energy.
- Belgium – DEME is listed on Euronext and is based in Belgium, indicating the country's role in international energy and infrastructure development.
Industry
- Renewable Energy – The acquisition involves companies active in the offshore wind segment, highlighting the growing importance of renewable energy sources.
- Offshore Construction – Havfram operates in offshore wind construction, a critical component of the burgeoning offshore energy industry.
Financials
- €900 million – The transaction value for DEME's acquisition of Havfram.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DEME | Bidding Company | Company | A Belgian-based company listed on Euronext, specializing in marine and long-established in the offshore wind sector. |
| Havfram | Target Company | Company | A Norwegian international offshore wind contractor with extensive experience in the sector. |