DEME Acquires Havfram to Strengthen Offshore Wind Energy Operations
In a decisive move that underscores Europe’s accelerating push toward clean energy, Belgium’s DEME Group has completed its acquisition of Norway-based Havfram. The nearly €900 million transaction isn’t just a fleet expansion—it’s a strategic bet on offshore wind energy becoming the backbone of global energy transition. Here’s why this matters and what’s coming next.
Background: DEME’s Offshore Wind Expansion Strategy
DEME has steadily positioned itself as a dominant force in offshore wind, and this acquisition further consolidates its leadership. Offshore energy now comprises nearly half of DEME’s €4.1 billion annual revenue, with wind projects alone contributing €2 billion in 2024. With over 350 completed projects since its entry into the wind segment in 2000, DEME's growth trajectory is steep—and strategic.
What’s Changing: Key Acquisition Details
The acquisition includes share purchase from Sandbrook Capital and PSP Investments, as well as CAPEX commitments for two NG20000X jack-up vessels under construction in China. These hybrid installation vessels are designed to handle rotor diameters over 300 meters and XXL monopiles of up to 3,000 tons.
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Impact on Shippers & Trade Lanes
The integration of Havfram enhances DEME’s operational footprint across European and North American corridors, especially with scheduled participation in flagship projects like Dominion Energy’s Coastal Virginia Wind Farm.
Suggested Mitigation Measures
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Expert Insight: Leadership Commentary and Industry Impact
“DEME’s investment in Havfram underscores our unwavering belief in the immense potential of offshore wind infrastructure as a key element in the global energy transition,” said Luc Vandenbulcke, CEO of DEME.
Conclusion: What This Means for the Future of Offshore Wind
With this acquisition, DEME not only strengthens its asset base but also reaffirms its vision to lead the offshore energy revolution. As global climate policies and investment align toward renewables, this move cements DEME's place at the helm of a transformative decade in clean energy infrastructure.