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GeoSea completes acquisition of A2SEA


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.A2SEA, operating out of Denmark, is specialised in offshore wind turbine installations. The company has about 160 employees and operates the offshore installation vessels ‘Sea Challenger’ and ‘Sea Installer’. The activities of A2SEA represent a strong and complementary fit with GeoSea’s operations. The combined organisation will be well positioned to provide a broader range of integrated services and solutions to offshore wind energy customers.

A2SEA recently completed installation of turbines on Burbo Bank Extension and is currently installing turbines at the Dudgeon Offshore Wind Farm and Race Bank Offshore Wind Farm. Upcoming projects include turbine installation on Arkona OWF, Hornsea Project One, Horns Rev 3 and East Anglia ONE. GeoSea will continue to build on existing customer relationships and ensure a safe and reliable delivery of current and future projects.

ABOUT DEME GROUP

The Belgian dredging, environmental and marine engineering group DEME is an international market leader for complex marine engineering works.

Building on more than 140 years of experience and know-how, DEME has organically moved into several related sectors, such as the financing of marine engineering and environmental projects, executing complex EPC related marine engineering projects including civil engineering works, the development and construction of renewable energy projects, providing services for the oil, gas and energy sector, the decontaminating and recycling of polluted soils and silts, the harvesting of marine resources, etc.

Thanks to an integrated company structure, DEME strongly emerges as a ‘global solutions provider’ which offers its clients overall solutions. DEME has the most modern, high-tech and versatile fleet.

DEME Group has 4,600 employees worldwide and achieved a turnover of 1.97 billion euros in 2016.