Wilhelmsen Ship Management and NorSea Wind join forces
Wilhemsen Ship Management has acquired a 50% stake in NorSea Wind and its subsidiaries. Together the companies want to “offer a unified and integrated solution to the renewable wind energy market.”
NorSea Wind was founded in 2016 as a subsidiary of Norsea Group and provides project management and logistics planning throughout all stages for on and offshore wind farm projects, while Wilhelmsen Ship Management provides third-party ship management services like technical management, crew management, risk management and vessel accounting and procurement services. Both companies are part of the Wilhelmsen Group.
“NorSea Wind offers an exciting opportunity for Wilhelmsen Ship Management to strengthen our service offering within the wind energy market. This acquisition complements our strong experience in marine asset operation and maintenance. The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain,” explains Carl Schou, President and CEO of Wilhelmsen Ship Management.
According to John Stangeland, President and CEO of Norsea Group AS, the acquisition provides a major growth opportunity for both parties to meet the growing future requirements in the wind energy sector. “With the rapid market development, our combined competencies as a total solution provider will be best positioned to support stakeholders on the evolving journey,” he says.
The formal tie-up of the companies follows a frame agreement Wilhelmsen Ship Management and Norsea Wind secured together in 2018 when the companies were contracted to provide a complete technical maintenance solution for TenneT’s off and onshore transformer stations and AC electricity transmission systems.