Acquisition of A2SEA by GeoSea becomes effective

Saturday, 2 September, 2017 - 17:00

On September 1st, 2017, the acquisition of A2SEA by Belgian GeoSea has become effective following the approval by the international competition authorities.

The agreement was already signed in July, where the former owners DONG Energy and Siemens International Holding BV agreed to sell the full ownership of A2SEA to GeoSea. GeoSea operates within complex marine engineering projects and is owned by DEME Group, a world leader in highly specialized fields of dredging, marine engineering and environmental remediation.

Michael Glavind, CEO at A2SEA, commented: “We are very pleased to welcome our new owners, GeoSea. GeoSea is a well-known and highly respected contractor within offshore wind. To both companies, safety is of paramount importance, and furthermore, we take pride in delivering projects to the full satisfaction of our customers. We look forward to the co-operation drawing on the expertise from our new colleagues in GeoSea.”

A2SEA / Silke Funke

Similar Entries

Effective on August 31, 2017, GeoSea successfully completed the acquisition of A2SEA from DONG Energy and Siemens. The transaction has obtained all necessary regulatory approvals and completes well on time. The acquisition was originally announced on July 7, 2017.

Today, DONG Energy and Siemens signed an agreement with Belgian GeoSea stating that GeoSea will acquire the full ownership of A2SEA. A2SEA will continue to operate out of Denmark with offshore wind turbine service and installation.

SEA CHALLENGER will transport and help install the TPs with mobilisation for the project starting in the beginning of October in Eesmhaven, Holland. SEA CHALLENGER can carry six TPs at a time.

In summer 2019, A2SEA’s installation vessel Sea Challenger will start to install the Siemens turbines on East Anglia ONE. (Photo: A2SEA)

From summer 2019, A2SEA’s purpose-built offshore installation vessel Sea Challenger will be deployed to install 102 Siemens 7 MW turbines on East Anglia ONE from the load out port in Great Yarmouth in the UK.