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A2SEA acquired by GeoSea

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Today, DONG Energy and Siemens signed an agreement with Belgian GeoSea stating that GeoSea will acquire the full ownership of A2SEA. A2SEA will continue to operate out of Denmark with offshore wind turbine service and installation.

DONG Energy and Siemens have been owners of A2SEA since 2009, when both companies needed to consolidate their position in the offshore wind market. However, owning A2SEA is no longer within the scope of their core businesses and therefore the divestment came naturally.

The Belgian company GeoSea operates within complex marine engineering projects and is owned by DEME Group, a world leader in highly specialised fields of dredging, marine engineering and environmental remediation.

Michael Glavind, CEO of A2SEA about the acquisition; “We are very pleased to be able to announce and not the least welcome our new owners, GeoSea. GeoSea is a well-known and highly respected contractor within offshore wind. To both companies, safety is of paramount importance, and furthermore, we take pride in delivering projects to the full satisfaction of our customers. We welcome the acquisition and look forward to the cooperation.”

Luc Vandenbulcke, Managing Director GeoSea: “The activities of A2SEA represent a strong and
complementary fit with GeoSea’s operations. The combined organisations will be well positioned to provide a broader range of integrated services and solutions to offshore wind energy customers. We continue to build on existing customer relationships and ensure a safe and reliable delivery of current and future projects.”

The transaction, which is awaiting authority approval, is expected to be completed in the third quarter of 2017.

For additional information, please contact:
Michael Glavind, Chief Executive Officer of A2SEA, M: +45 52 13 94 10

Niels Vangsø Andersen, Chief HR Officer, Deputy General Manager, M: +45 52 13 94 16