Wilhelmsen Ship Management acquires 50% stake in NorSea Wind

Wilhelmsen Ship Management strengthen its foothold in the renewable wind energy market through acquisition of a 50% share of Norsea Wind AS.

Wilhelmsen Ship Management (WSM) to acquire 50% of NorSea Wind AS and it’s subsidiaries to offer a unified and integrated solution to the renewable wind energy market. NorSea Wind, founded in 2016 as a subsidiary of  Norsea Group, provides project management and logistics planning throughout all stages for on and offshore wind farm projects. It is the focal element within Norsea Group where it integrates all service offerings for the wind energy segment as it’s go-to-market strategy. Its accumulated expertise and experience combined with proven track record globally provide a market leading proposition.

“NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market” explains Carl Schou, President and CEO of Wilhelmsen Ship Management. “This acquisition complements WSM’s strong experience in marine asset operation and maintenance. The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain.”

John Stangeland, President and CEO of Norsea Group AS, also commented “This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector. With the rapid market development, our combined competencies as a total solution provider will be best positioned to support stakeholders on the evolving journey.”

WSM and Norsea Group are part of the Wilh Wilhelmsen group companies.  NorSea Wind will be positioned as the group’s platform towards the global renewable wind energy market.

In 2018, WSM, together with Norsea Wind, secured a frame agreement to provide a complete technical maintenance solution for TenneT’s off and onshore transformer stations and AC electricity transmission systems.

Contact persons:
John E. Stangeland, CEO, NorSea group
Mobile: +47 91 55 94 46, e-post: john.stangeland@norseagroup.com

Esther Gan, Vice President Marketing & Communication, Wilhelmsen Ship Management
Mobile: +603 2084 5600, e-mail: esther.gan@wilhelmsen.com

About Wilhelmsen Ship Management
Wilhelmsen Ship Management, a Wilhelmsen group company, is one of the world’s largest third-party ship manager with a portfolio of more than 450 vessels and 9 200 active seafarers. Wilhelmsen Ship Management provides technical and crew management services for various vessel segments; LNG/LPG, Ro-Ro and PCC/PCTC, Container, Cruise, Bulk, and Offshore. Wilhelmsen Ship Management manages from six offices worldwide and has a crewing network of 16 manning offices in 12 countries. Other key services include dry docking services, lay-up services, new building supervision, and Inventory of Hazardous Materials (IHM).

About NorSea
NorSea AS is a privately owned company founded in 1965. The company is a leading supplier of base services and integrated logistics solutions to the oil and gas industry in Norway. NorSea has interests in nine strategically located supply bases along the Norwegian coast and is the largest owner of base infrastructure in Norway. The company also operates in Scotland, Denmark and Germany, and can offer the oil and gas industry a unique coverage of the North Sea basin. The group has an annual turnover of around NOK 2 billion and about 900 employees. NorSea AS is headquartered in Tananger outside Stavanger. The company’s main shareholders are Wilh. Wilhelmsen Holding ASA, Eidesvik Eiendomsinvest and Simon Møkster Eiendom AS.

About NorSea Wind
NorSea Wind provides integrated logistics and technical solutions for the planning, construction, and maintenance of offshore wind projects. NorSea Wind is a subsidiary of the NorSea group, a leading base and logistic provider to the offshore industry. https://norseagroup.com/companies/norsea-wind