Eiffage taking over Dutch offshore substation manufacturer
Eiffage, through Smulders, moves to fully acquire HSM Offshore Energy.
Image for illustration purposes
The Netherlands: Eiffage has moved to take full ownership of HSM Offshore Energy, a Netherlands-based manufacturer of offshore platforms and their substructures. The agreement was signed on 31 March to acquire 100 % of the company.
The transaction is subject to approval by competition authorities, the companies announced in a joint press release.
According to Eiffage, HSM Offshore Energy generates annual revenues of nearly €300 M, and has a workforce of 140 employees.
Eiffage highlighted that HSM Offshore Energy and Smulders complement each other across the Engineering, Procurement, Construction, Installation and Commissioning value chain to provide topsides for offshore wind farms and emerging markets.
Smulders specialises in designing and constructing offshore wind transition pieces, jacket foundations and high-voltage substations structures, while HSM Offshore Energy delivers integrated solutions such as mechanical systems for offshore energy projects. HSM is also focusing on topsides for new markets like carbon capture and storage, and hydrogen.
The two companies frequently cooperate as offshore projects increase in size, Eiffage noted.
In March, a consortium comprising HSM Offshore Energy, Smulders, and Iv-Offshore & Energy rolled out an offshore substation topside built for the German transmission system operator 50Hertz at the HSM Offshore Energy yard in Stormpolder. The substation is part of the grid connection for the Windanker offshore wind farm.
Source: offshorewind.biz
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