Van Oord has acquired MPI Offshore
Date 02 October 2018
Van Oord acquired the acquisition of MPI Offshore, a speciliast offshore wind installation contractor, from Vroon Group. By gaining MPI Offshore, Van Oord will further strengthen its global wind organisation and in particular its position in the UK wind market.
The acquisition includes the MPI Offshore organisation in Stokesley (United Kingdom), the vessels MPI Adventure and MPI Resolution, and associated crew. An hundred people, office staff and crew, will be joining the Van Oord UK organisation. Van Oord also acquired project contracts related to the vessels, for example offshore wind farms London Array, Prinses Amaliawindpark and Rampion.
The acquisition is fully in line with the company’s ambitions and investment programme for the coming years and it follows a number of strategic add-ons in recent years, which include the acquisition of Bilfinger’s offshore wind activities and Ballast Nedam offshore operations. Van Oord was assisted on this transaction by Kempen as its financial adviser.
Source Van Oord