EuropeOffshore Wind

GeoSea buys wind installation specialist A2Sea

Belgium’s GeoSea has bought wind installation specialist A2Sea from Dong Energy and Siemens.

GeoSea, part of the Deme group, said A2Sea would continue to operate out of Denmark with a focus on its existing activities.

GeoSea managing director Luc Vandenbulcke said: “The activities of A2Sea represent a strong and complementary fit. The combined organisation will be well positioned to provide a broader range of integrated services and solutions to offshore wind energy customers.”

Thomas Dalsgaard, executive vice president of Dong Energy and chairman of A2Sea, said: “A2Sea is a pioneer in the industry and one of the leading players in the market for offshore wind turbine installation. Owning an offshore wind turbine installation company, however, isn’t within the scope of our core business, and we’ve therefore been looking for a new owner.”

Dong and Siemens had been hawking A2Sea for a long time. A2Sea was founded in 2000, with Dong buying it in 2009 and Siemens taking a 49% stake the following year.

A2Sea’s fleet has not kept up with the supersizing of wind turbines. When Dong bought the line eight years ago the average turbine was around 140 m tall, nowadays they soar 220 m.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button