Boskalis Acquires VolkerWessels Offshore Wind Activities
Royal Boskalis Westminster N.V. said it has concluded the acquisition of offshore-related activities from VolkerWessels.
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 percent of the shares in VBMS and has acquired the remaining 50 percent through this transaction. Stemat has a global offering of specialized floating equipment and a diverse fleet that includes a cable-laying vessel and multipurpose 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 percent basis.
The activities will be consolidated as of the third quarter this year.
