Van Oord Acquires Ballast Nedam Offshore
- Business & Finance
Van Oord, a Dutch contracting company that specializes in dredging and land reclamation, has reached agreement on the acquisition of the activities of Ballast Nedam Offshore.
The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation), heavy lift installation vessel Svanen and the Westermeerwind project (144 MW).
The activities will be integrated into Van Oord’s Offshore Wind Projects business unit. The acquisition will strengthen Van Oord’s leading position in the offshore wind market for north west Europe.
“The acquisition is fully in line with our investment program for the coming years,” said CEO Pieter van Oord.
Van Oord has been involved in the construction of offshore wind projects since 2002.