DEME Completes Acquisition of Havfram in $1.02 Billion Deal
Belgium-based offshore installation services company DEME has finalized the acquisition of Havfram, an offshore wind installation contractor based in Norway, in a significant deal valued at approximately $1.02 billion (€900 million).
The transaction, initially announced in April 2025, has successfully passed all customary closing conditions, marking a strategic move for DEME in expanding its presence in the offshore wind energy market.
DEME Offshore Holding, a wholly-owned subsidiary of DEME Group, has acquired all of the shares in Havfram Wind Holdco from Sandbrook Capital and the Public Sector Pension Investment Board (PSP Investments).
Strategic Integration for Enhanced Competitive Positioning
The acquisition of Havfram is set to bolster DEME’s competitive positioning in turbine and foundation installations within the offshore wind sector. The integration of Havfram’s expertise and assets is expected to further strengthen DEME’s offerings in the market.
Havfram specializes in providing transport and installation services to the offshore wind industry. The company is currently in the process of constructing two cutting-edge wind turbine installation vessels (WTIVs) scheduled for delivery in the fourth quarter of 2025 and early 2026 respectively.
These vessels have already secured contracts for operations in the latter half of 2026, showcasing Havfram’s commitment to supporting offshore wind farm projects.
Expansive Orderbook and Future Prospects
With an orderbook totaling approximately $682.4 million (€600 million), Havfram is well-positioned to contribute to the construction of some of the world’s largest offshore wind farms from 2026 to 2030. This aligns with DEME’s long-term goals in the renewable energy sector.
Integration and Operational Continuity
Following the acquisition, the Havfram team will be seamlessly integrated into DEME’s Offshore Energy segment under the DEME brand. The team will continue to operate from its current base in Oslo, Norway, ensuring operational continuity and leveraging synergies between the two entities.
This strategic move highlights DEME’s commitment to driving innovation and growth in the offshore wind installation services market, positioning the company as a key player in the renewable energy transition.
For more information on the acquisition of Havfram by DEME, visit here.