NorSea Group Acquires Wind Power Company ØER

Through its wholly owned Danish subsidiary Danbor, NorSea Group has acquired the Danish wind power company Øer.

 

In announcing the acquisition today, NorSea Group said it finds the wind power market in general and offshore wind especially to be a market experiencing strong growth. NorSea said it strives to be competitive within this market as there will be a strong need for services, within both installation and maintenance going forward.

 

"Our goal is to be a partner that can deliver services across the entire value chain within both installation and operation of wind turbine farms. We will initially focus on the North Sea and the Baltic Sea but we envision being able to subsequently deliver to the global market," said Group CEO John Egil Stangeland of NorSea Group.

 

ØER will continue to operate as an independent company, wholly owned by NorSea Group's Danish subsidiary Danbor, NorSea Group's Center of Excellence within wind power with experience in logistics, service and inspection of wind turbines.

 

"The acquisition of ØER has given us an extremely strong international platform for continued growth in the installation, operation and maintenance and service of the wind turbine industry," said Jørn Bue-Madsen, CEO of Danbor.

 

"We at ØER feel confident that we have found the right owners to ensure the company's continued growth and that we will be able to maintain quality, employee experience and high professional levels," said Rasmus Bøgelund, Managing Director of ØER.

 

"Wind power is part of the future. We will now have another leg to stand on, creating synergies with our bases," the Group CEO said.