DONG Acquires Offshore Installer A2SEA

Utility group DONG Energy has acquired the jack-up barge and offshore erection company A2SEA.

The deal, which came at a price of approximately DKK 700 million (US $109 million) , saw DONG acquire the company from Dansk Kapitalanlæg, Lønmodtagernes Dyrtidsfond and Clipper Projects, and a series of minor shareholders.

The purchase of A2SEA and its vessels provides DONG Energy with increased flexibility by owning its own vessels, it has been using A2SEA’s vessels for a series  of offshore projects, and presently one vessel is engaged in the construction of the Horns Rev 2 wind farm in the North Sea.

”The purchase of A2SEA enables DONG Energy to make the installation of offshore  wind turbines even more efficient, and this will help us realise DONG Energy’s  strategy for increasing the volume of power produced from renewable energy  sources,” says DONG Energy’s CEO, Anders Eldrup.

In March 2009, DONG Energy signed a contract with Siemens for the purchase of up to 500 wind turbines.

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