Royal Boskalis Westminster has concluded the acquisition of offshore-related activities from VolkerWessels, consisting of VBMS, Stemat and VSI (Volker Stevin International).
The company said the acquisition transaction strengthens its position in the growing offshore wind energy market.
Boskalis already held 50% of the shares in VBMS, an offshore cable installation specialist, and has acquired the remaining 50% through this transaction.
Stemat provides specialized floating equipment and a fleet that includes a cable-laying vessel and multi-purpose vessels.
Volker Stevin International is specialized in the construction of offshore foundations and maritime constructions. In a joint venture, Boskalis and VSI have been contracted for two large offshore wind farm projects – Wikinger and Veja Mate. As a result of this transaction, Boskalis will now execute these projects on a 100% basis.
The activities will be consolidated as of the third quarter this year, Boskalis said.