Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.
Blue Offshore, headquartered in The Hague, the Netherlands, supplies basket carousels and tensioners for the offshore installation, transportation and storage of export cables, array cables, umbilicals and flexible pipelines in the offshore oil and gas industry, as well as the offshore renewable energy sector.
MeeMaken, which has a large global network and a portfolio of service companies in the offshore energy sector, is familiar with the offshore market as well as with the equipment and technology of Blue Offshore, said MeeMaken operation partner Natasja Sesink. "We see synergy opportunities for the other companies in our group."
"The offshore market is slowly picking up so we see opportunities in the wind, oil and gas industry. We are always keen and open for new acquisitions," Sesink said.
Guided by Sesink and Roderik van Seumeren, MeeMaken and the management of Blue Offshore will work together to build on and grow the success of the company. MeeMaken said it will provide commercial, technical and financial support to Blue Offshore.
"So far, we have been able to develop Blue Offshore into what it has become today: a solid organization that stands firmly and sustainably in the offshore market. It is now time for the company to enter the next level, with another investor and shareholder, which I found in MeeMaken BV," said Evert-Jan van Wijk, who will remain as director of Blue Offshore.
"MeeMaken’s long-term vision fits well with the strategy of Blue Offshore. Additionally, the synergy created by the other MeeMaken companies and their comprehensive networks will take us to the next professional level," van Wijk added.