DEME completes acquisition of Havfram

Following the announcement on April 9, 2025, of its agreement to acquire Havfram, an international offshore wind contractor based in Norway, DEME (Euronext: DEME) has now successfully completed the acquisition.

The transaction, valued at approximately 900 million euros, has passed all customary closing conditions. DEME Offshore Holding NV, a wholly-owned subsidiary of DEME Group NV, has acquired all of the shares in Havfram Wind Holdco AS from Sandbrook Capital and the Public Sector Pension Investment Board (PSP Investments). The acquisition of Havfram supports DEME’s ambition to expand its presence in the offshore wind energy market and the integration is expected to further strengthen DEME’s competitive positioning in turbine and foundation installations.