Wilhelmsen Ship Management acquires 50% stake in NorSea Wind

Source: press release, 5 June 2019

From left, Nils Petter Dyvik, Member Board of Directors, NorSea Group AS; John Stangeland, CEO of Norsea Group As; Carl Schou, CEO and President of Wilhelmsen Ship Management; Hakon Lenz, Vice President of Region Europe and Americas, Wilhelmsen Ship Management; and Jan Eyvin Wang, Senior vice president industrial investments, Wilh. Wilhelmsen Holding ASA
From left, Nils Petter Dyvik, Member Board of Directors, NorSea Group AS; John Stangeland, CEO of Norsea Group As; Carl Schou, CEO and President of Wilhelmsen Ship Management; Hakon Lenz, Vice President of Region Europe and Americas, Wilhelmsen Ship Management; and Jan Eyvin Wang, Senior vice president industrial investments, Wilh. Wilhelmsen Holding ASA (photo: Wilhelmsen Ship Management/NorSea Group)

Wilhelmsen Ship Management has strengthened 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 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.