Deme has signed an agreement to acquire Havfram, an offshore wind contractor based in Norway. Havfram, which currently employs around 50 people and is headquartered in Oslo, is in the process of building two wind turbine installation vessels.
These vessels, expected to be delivered in late 2025 and early 2026, are already contracted for use in 2026. The company has an orderbook valued at approximately €600 million.
The acquisition, valued at around €900 million, includes the purchase from Sandbrook Capital and PSP Investments, as well as the necessary capital expenditures to complete the vessels. Deme Offshore Holding NV, a subsidiary of Deme Group NV, will acquire all shares in Havfram Wind Holdco AS. The transaction, subject to closing conditions, is expected to finalize by the end of April 2025.
Following completion, Havfram will be integrated into Deme’s Offshore Energy segment.
