Boskalis closes acquisition of VolkerWessels offshore wind energy activities
July 01 2016 - 2:00AM
Papendrecht, 1 July 2016
Royal Boskalis Westminster
N.V. (Boskalis) has concluded the acquisition of offshore-related
activities from VolkerWessels. The transaction strengthens
Boskalis' position in the attractive, growing offshore wind energy
market.
The acquired activities consist of VBMS, Stemat
and VSI (Volker Stevin International). VBMS is the European market
leader in the field of offshore cable installation with a strong
market position and well-filled order book. Boskalis already held
50% of the shares in VBMS and has acquired the remaining 50%
through this transaction. Stemat has a global offering of
specialized floating equipment and a diverse fleet that includes a
cable-laying vessel and multi-purpose vessels. VSI is specialized
in the construction of offshore foundations and maritime
constructions. Late 2014 and mid-2015, Boskalis and VSI in joint
venture acquired two large offshore wind farm projects, Wikinger
and Veja Mate respectively. As a result of this transaction
Boskalis will execute these projects on a 100% basis.
The activities will be consolidated as of the
third quarter this year.
For further information
Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com
Press:
Arno Schikker
press@boskalis.com
T +31 78 6969310
Royal Boskalis
Westminster N.V. is a leading global services provider operating in
the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal
and delta regions of the world with services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbour towage and terminal
services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage
and Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis
operates in around 75 countries across six continents. Boskalis has
over 8,200 employees, excluding its share in
partnerships.
This press release can also be found on our
website www.boskalis.com.
PDF version of this
release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via
Globenewswire
HUG#2024366
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