Following the announcement on April 9, 2025, of its agreement to acquire Havfram, an international offshore wind contractor based in Norway, DEME has now successfully completed the acquisition.
The transaction, valued at approximately €900 million (US$1 billion), has passed all customary closing conditions. DEME Offshore Holding, a wholly-owned subsidiary of the DEME Group, has acquired all of the shares in Havfram Wind Holdco from Sandbrook Capital and the Public Sector Pension Investment Board.
DEME said its acquisition of Havfram supports its ambition to expand its presence in the offshore wind energy market. The integration is expected to further strengthen DEME’s competitive positioning in turbine and foundation installations.
Havfram is currently building two next generation wind turbine installation vessels. Both vessels, under construction and expected to be delivered in the fourth quarter of 2025 and early 2026, respectively, are already contracted as of the second half of 2026.
Havfram already has an orderbook of approximately €600 million (US$660 million), and this includes support for the construction of some of the world’s largest offshore wind farms from 2026 to 2030.