DEME has acquired Norwegian offshore wind contractor Havfram to enhance its capabilities in the renewable energy market, further strengthening its competitive edge.

Target Information

DEME, a leader in the maritime industries, has recently acquired Havfram, a Norwegian offshore wind contractor. This strategic acquisition aligns with DEME's ambition to broaden its footprint in the offshore wind energy market. By integrating Havfram’s expertise, DEME enhances its capabilities in turbine and foundation installations, critical components in the offshore wind sector. The acquisition is expected to leverage Havfram's current projects, particularly two vessels under construction that are on track for delivery, one at the end of 2025 and the other in early 2026.

Industry Overview

The offshore wind energy sector is experiencing robust growth, particularly in Europe, where countries are investing heavily in renewable energy sources to meet climate goals. The competitive landscape is intensifying as established firms like DEME and emerging contractors like Havfram vie for a larger market share. This growth is supported by favorable government policies aimed at increasing offshore wind capacity, making significant strides towards energy transition.

In Norway, the government has set ambitious targets for offshore wind energy, fostering an environment conducive for investments. The industry is seen as a key driver of economic growth and job crea