DEME Completes €900 Million Acquisition of Havfram, Expands Offshore Wind Installation Capabilities
Oslo/Antwerp – May 2025: In a landmark transaction reshaping the offshore wind installation landscape, Belgian marine engineering leader DEME has completed the €900 million acquisition of Norway-based Havfram, a specialist in offshore wind transport and installation services.
The acquisition, initially announced on April 9, 2025, involves DEME Offshore Holding NV acquiring 100% equity in Havfram Wind Holdco AS from its owners Sandbrook Capital and Public Sector Pension Investment Board (PSP Investments).
🔧 Strategic Boost to DEME’s Offshore Energy Segment
Havfram's integration strengthens DEME’s position in the rapidly growing global offshore wind market. With operations based out of Oslo, Havfram will retain its local management and continue to operate under the umbrella of DEME’s Offshore Energy segment, ensuring continuity and stability for its clients.
“This acquisition is fully aligned with DEME’s strategy to lead in offshore renewable energy logistics and installations,” said a DEME spokesperson. “The synergy will enhance our global project execution capabilities and strengthen our pipeline through 2030.”
🚢 Two Next-Gen Wind Turbine Installation Vessels
One of the key assets in the acquisition is two state-of-the-art Wind Turbine Installation Vessels (WTIVs) currently under construction. These are expected to be delivered in Q4 2025 and early 2026. Both vessels have already secured multi-year contracts beginning in the second half of 2026, underscoring strong market demand.
📦 €600 Million Orderbook with Long-Term Visibility
Havfram brings along an order backlog worth approximately €600 million, spanning major offshore wind farm projects scheduled from 2026 to 2030. This includes wind farm construction projects across Northern Europe and other fast-growing clean energy markets.
🌍 DEME: Scaling Global Green Energy Infrastructure
Listed on Euronext Brussels, DEME reported consolidated revenues of €4.1 billion in FY2024, with an EBITDA of €764 million. Operating in over 90 countries, DEME’s portfolio includes offshore energy, dredging, environmental remediation, and complex marine infrastructure. The company employs more than 5,800 professionals worldwide.
The acquisition represents a bold move by DEME to dominate the next phase of offshore wind deployment and aligns with global climate goals for energy transition. It also reflects increasing consolidation in the offshore supply chain as demand for floating wind, hybrid cables, and mega-turbines accelerates.
🔍 What This Means for the Industry
With this deal, DEME has effectively fortified its logistics and installation vertical with high-spec assets, strong backlog visibility, and a highly experienced Norwegian team. The integration ensures continuity for existing projects and unlocks new global opportunities in the burgeoning wind energy space.
“This is not just an acquisition—it’s a strategic evolution,” industry analysts commented, pointing to the combined strength of DEME’s capital scale and Havfram’s Nordic expertise in floating and bottom-fixed turbine installations.