Van Oord Acquires Vroon's MPI Offshore

Laxman Pai
Friday, October 5, 2018

Vroon Group has completed the sale of MPI Offshore to Van Oord. Van Oord has acquired the MPI office organisation in Stokesley (UK), the vessels MPI Adventure and MPI Resolution, and associated crew.

According to a press release, a total of hundred people, both office staff and crew, will be joining the Van Oord UK organisation. Van Oord also acquired project contracts related to the vessels, i.e. offshore wind farms London Array, Prinses Amaliawindpark and Rampion.

The acquisition is in line with Van Oord’s ambitions and investment programme for the coming years and it follows a number of strategic add-ons in recent years, which include the acquisition of Bilfinger’s offshore wind activities and Ballast Nedam offshore operations. Van Oord was assisted on this transaction by Kempen as its financial advisor.

Pieter van Oord, CEO Van Oord said: "The acquisition of MPI Offshore helps us to strengthen our position in the UK wind market, the largest offshore wind market in the world."

According to Herman Marks, CEO Vroon Group: "We are pleased to have completed the sale of MPI Offshore and to have found a ‘safe haven’ for all staff involved. We wish Van Oord success with the acquisition."

Van Oord has been involved in many offshore wind projects in north western Europe since 2002. In total Van Oord has a healthy order book, including several large wind projects like Borssele III / IV in the Netherlands, Norther in Belgium, Deutsche Bucht in Germany. Outside Europe Van Oord has been designated as preferred contractor for the Yunlin offshore wind project in Taiwan.

Vroon provides seagoing transportation services and engineering & support solutions that are reliable, sustainable, cost effective and enable our customers to be successful. Van Oord is a Dutch family-owned company with 150 years of experience as an international marine contractor.

Categories: Mergers & Acquisitions Deepwater Industry News Europe

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