Worley Acquires 3sun

Monday, October 28, 2019

Services company Worley on Monday announced it has acquires 3sun Group, a UK-based installation, inspection and maintenance specialists in the offshore wind sector.

The transaction will combine the companies’ complementary offshore capabilities to bring a complete engineering, procurement, construction, operations and maintenance offering to the global offshore wind market. In doing so it will further strengthen Worley’s strategic presence in the sector and broaden its role in the energy transition.

3sun has an existing team of approximately 250 people serving a range of customers, mainly across Europe. The company is headquartered in Great Yarmouth, UK, and will immediately join Worley’s Integrated Solutions business, which provides offshore operations and maintenance solutions.

Eoghan Quinn, global offshore wind lead, Worley, said, “Growing our offering through enhanced operations and maintenance (O&M) services has been a long-term aim and is a fundamental pillar of our expanding offshore wind capabilities.

“By adding 3sun’s skills and experience in offshore wind to our own existing global capabilities in the sector, we are ideally placed to continue our support to emerging markets such as Asia and the US, as well as continuing to add value in more mature markets like Europe.”

Worley CEO, Andrew Wood, said, “We are pleased to enter into the UK and European offshore wind energy markets via one of the leading providers of O&M services. We believe that the combination of Worley’s international platform and 3sun’s expertise will provide a catalyst for us to grow a global O&M business in the offshore wind market. This acquisition demonstrates Worley’s commitment to the renewables sector in the energy transition.”

3sun CEO, Graham Hacon, said, “We are delighted to join Worley as it sets the industry pace for high quality services in the sector. Our combined expertise promises to offer the offshore wind industry an integrated offering on a global scale, which is hugely exciting for all of us.

“In the coming months we will explore how we can leverage Worley’s growing presence in offshore wind and start to identify areas where we can add further value to our customers as a result of the acquisition.”

Categories: Mergers & Acquisitions Engineering Renewables

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