Compass Finance assists Acta Marine (MerweOord) in acquiring Offshore Wind Services
Compass Finance has assisted Acta Marine, a subsidiary of MerweOord, in realising the acquisition of all the shares of Offshore Wind Services from the former owners. Compass Finance has coordinated the whole process consisting of the valuation, the negotiations and the structuring of the deal. Together with Houthoff Buruma the legal contracts were drawn up.
Acta Marine has acquired Offshore Wind Services B.V. (OWS) of Rotterdam, including the UK subsidiary OWPMS Ltd. OWS owns 10 Crew Transfer Vessels that are operated to transfer technicians and parts to- and from offshore wind turbines.
OWS will be renamed Acta Marine Wind Services. The daily management of the company will remain with Workships Contractors, whom have successfully been providing these services to OWS over the last years. The main contact persons for clients, suppliers and the vessel crews will remain unchanged.
Acta Marine is based in Den Helder (The Netherlands) and owns a fleet of 40 workboats which they operate all around the world. The acquisition of OWS is part of Acta Marine’s strategy to generate growth in the offshore wind market.
“OWS has performed more than 400,000 safe crew transfers to- and from offshore wind turbines since their start of business in 2006. With this track record and with their knowledgeable marine crews they are one of the most experienced companies in this industry” says Govert Jan van Oord, managing director of Acta Marine.
Recently, Acta Marine also announced that they have ordered a large offshore wind service vessel that can accommodate a total of 75 persons. The expansion with OWS’ Crew Transfer Vessel is a logical step for Acta Marine. It will be complimentary to the new “walk-to-work” vessel and the company’s other workboats that are frequently chartered for offshore wind projects.
Workships Contractors’ managing director Jan Dirk Hudig states “With this deal OWS has joined in with a strong partner in the workboat market, providing an excellent platform for our growth ambitions. The combined network and strengths will generate synergies for our companies. It also creates an expanded fleet and services portfolio for our clients.”.