Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contract based in Norway, in a deal worth $985.5 million.The strategic acquisition aligns with DEME's
Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contract based in Norway, in a deal worth $985.5 million.
The strategic acquisition aligns with DEME's ambition to expand its footprint in the offshore wind energy market and enhances its competitive positioning in turbine and foundation installations.
Havfram is a Norwegian offshore wind infrastructure company focused on providing transport and installation to the offshore wind sector. It is primarily owned by Sandbrook Capital, a private investment firm focused on climate infrastructure, and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors.
Havfram is currently building two next generation wind turbine installation vessels (WTIVs).
Both vessels, under construction and expected to be delivered in the fourth quarter of 2025 and early 2026 respectively, are already contracted as of the second half of 2026.
Havfram already has an orderbook of approximately $657 million, including support for the construction of some of the world’s largest offshore wind farms from 2026 to 2030. The company employs around 50 people and is headquartered in Oslo, Norway.
“This acquisition complements our fleet and will bolster our competitive edge in both turbine and foundation installations,
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