Eiffage to acquire HSM Offshore Energy

Eiffage, via Smulders (Eiffage Métal’s Belgian subsidiary), has signed an agreement with a view to acquiring 100 per cent of HSM Offshore Energy, a Dutch provider of electrical and mechanical systems for offshore energy projects.

Smulders specialises in large and complex steel construction projects including the engineering and construction of transition pieces, jackets and high voltage substations structures.

HSM is located in the Rotterdam area and generates annual revenues approaching 300 million euros with 140 employees. The company also focuses on topsides for emerging new markets like carbon capture and storage (CCS) and hydrogen.

"HSM Offshore Energy and Smulders are strongly complementary across the EPCIC value chain to provide topsides for offshore wind farms and new emerging markets," said Eiffage.

"The parties frequently cooperate as offshore projects increase in size. The combination of the two companies will strengthen their efficiency and their capacity to deliver large offshore projects for the benefit of customers in a broader addressable market."

Smulders and HSM Offshore Energy have recently partnered on offshore renewable energy projects for the integration of auxiliary and high voltage equipment off the coasts of Germany and Belgium.