DEME has officially completed its acquisition of Norwegian offshore wind contractor Havfram, following the initial announcement on April 9, 2025. The transaction, valued at approximately €900 million, met all customary closing conditions.
Through its wholly-owned subsidiary DEME Offshore Holding NV, the company acquired 100% of Havfram Wind Holdco AS shares from Sandbrook Capital and the Public Sector Pension Investment Board (PSP Investments).
This strategic acquisition aligns with DEME’s ambition to reinforce its presence in the offshore wind energy sector. Havfram, headquartered in Oslo, specializes in transport and installation services for offshore wind infrastructure. The company is currently constructing two next-generation wind turbine installation vessels, scheduled for delivery in late 2025 and early 2026. These vessels are already contracted for operations beginning in the second half of 2026.
Havfram’s robust orderbook, worth around €600 million, includes major projects supporting the construction of some of the world’s largest offshore wind farms through 2030.
As part of the integration, Havfram’s operations and team will be absorbed into DEME’s Offshore Energy segment, continuing to operate under the DEME brand from Oslo. Clients are assured of consistent service and uninterrupted project planning.
DEME is financing the acquisition through a combination of internal resources and external funding. The move is expected to further strengthen DEME’s competitive edge in turbine and foundation installations within the fast-growing global offshore wind market.
