Wind Energy – Acquisition
Føn Energy Services from Norway and Dutch offshore wind farm services company C-Ventus are joining forces to create a leading European O&M (operations & maintenance) player within offshore wind.
Føn Energy Services is backed by Norwegian industrial group IKM and Oslo-listed industrial investment company Akastor. Føn Energy Services has approximately 90 employees and three decades of O&M experience from the offshore market.
The company currently has operations in Norway, Sweden, Denmark, and Germany
C-Ventus is a provider of O&M services for the offshore wind market. The company’s expertise covers balance of plant-services for both topside and subsea equipment, installation support and decommissioning services.
C-Ventus, owned by DISA International, delivers project management and engineering from its Dutch headquarters where they have built up a team with unmatched knowledge and experience in the offshore wind market. In addition, the company utilises a Europe-wide network of approximately 350 field technicians with 10+ years of experience to execute on O&M work.
Its scalable operating model is based on designing optimal O&M concepts tailored for the individual offshore wind farm which includes the use of technology, digital solutions, logistics set-up and team composition.
“Our joint plan is to take C-Ventus’ well proven and highly efficient O&M operating model, apply it to Føn Energy Services, and use it as a catalyst for geographical expansion to the rest of Europe. Our business model enables us to scale up our business substantially without incurring unnecessary costs for our clients. We look forward to building an even stronger O&M player together with Føn Energy Services,” says Didier de Graaff, Managing Director of DISA International.
Føn Energy Services will acquire 100 percent of the shares in C-Ventus from current owner DISA International. Didier de Graaff, will join the Føn Energy Services board of directors.
“With C-Ventus now being integrated as part of Føn Energy services, we will expand our market presence to also include UK, Belgium, and the Netherlands. This is the first step in Føn Energy Services’ strategic in-organic expansion plan towards becoming a leading service provider in the offshore wind market,” says Torben Hald, CEO of Føn Energy Services.
Following the completion of the merger, C-Ventus will start to operate under the Føn Energy Services brand immediately.
