CWind Extends Offering Positioning Itself to Meet Wider Customer Needs
Colchester, 13 February 2017, CWind, a leading provider of services to the offshore wind industry, announced today that it will incorporate the resources of its parent company Global Marine Systems Limited Group to expand the breadth of services it offers to wind farm owners and developers. CWind currently provides services including blade repair, corrosion protection, inspections and maintenance (topside and subsea), cable pull-ins and temporary power supply. By adding power cable installation and maintenance solutions to its offering CWind can now manage and deliver entire cable packages covering the lifecycle of an offshore wind farm from the feed stage with detailed desk top studies and route surveys, through to the installation and protection of cable.
“With Global Marine, CWind now has access to additional technical resources to pursue its growth strategy with confidence,” said Lee Andrews, Managing Director for Power, CWind. “The combined power of Global Marine and CWind will position us to continue to grow and service our customers with an even more diverse offering.”
CWind will be responsible for all aspects of the power related business both in the UK and internationally. The Company has built a strong customer base in this area and prides itself on being responsive to client needs and meeting market demands with new innovative solutions. This customer-focused ethos will continue, and the current team will now be bolstered with experienced proposal and subsea engineers, as well as project managers from parent company Global Marine, utilising existing group skills and experience to deliver power cable installation and maintence services.
CWind will have access to a larger pool of assets within this extended offering including the C.S. Sovereign, a highly capable vessel which has installed almost 400 inter-array cables globally, as well as CWind’s existing fleet of 17 Crew Transfer Vessels. CWind will also have access to a diverse array of subsea equipment, including the Q1000 jet trenching Remotely Operated Vehicle, which will support CWind’s ability to deliver more complex work packages.
Mr. Andrews concluded, “CWind expects to continue to innovate by introducing a range of new subsea and topside services with an integrated power and export cable installation, repair and balance of plant associated portfolio. We have built a successful business and with the ongoing commitment and support of Global Marine are strongly positioned to continue winning.”
About CWind
CWind is an Integrated Service Provider (ISP) that supports the wind industry by providing on-demand services, as well as 360° solutions to ensure the success of our clients’ projects. We’re focused on helping you to achieve your key objectives, and are constantly investing to ensure we have the right tools and plenty of talented people to carry out a wide range of tasks.
CWind has a proven track record of delivering cost-effective solutions. And we are equiped with everything you’re likely to need, including fuel-efficient and modular vessels, proven project solutions, highly experienced turbine technicians and fully accredited training services. At CWind, we can deliver stand-alone services and support or packaged services, wherever and whenever needed. CWind is a wholly-owned subsidiary of Global Marine Systems Limited.
www.cwind247.com
About Global Marine Systems Limited
Global Marine Systems Limited, an operating subsidiary of HC2 Holdings, Inc., is a leading provider of engineering and underwater services, responding to the subsea cable installation, maintenance and burial requirements of its customers around the world. With a fleet of vessels and specialised subsea trenching and burial equipment, the company has a 165-year legacy in deep and shallow water cable operations.
Global Marine’s primary markets include telecommunications, renewable energy and power, oil and gas, as well as deep sea research. Global Marine holds the RoSPA Order of Distinction in recognition of 17 consecutive years of outstanding occupational health and safety results. Global Marine has two longstanding joint ventures in China, S.B. Submarine Systems and Huawei Marine Networks, and acquired the offshore renewables specialist CWind in 2016. For more information on Global Marine, please visit our website at www.globalmarinesystems.com
About HC2 Holdings, Inc.
HC2 Holdings, Inc. is a publicly traded (NYSE MKT:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across seven reportable segments, including Manufacturing, Marine Services, Utilities, Telecommunications, Life Sciences, Insurance and Other. HC2’s largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York.
For information on HC2 Holdings, Inc., please contact:
Andrew G. Backman – Managing Director – Investor Relations and Public Relations
HC2 Holdings, Inc.
ir@hc2.com
www.hc2.com
