On Wednesday, Belgian maritime contractor Deme announced that it has agreed to acquire Havfram, a Norwegian company that provides transport and installation services for offshore wind farms. The deal is worth approximately 900 million euros and is expected to be completed by the end of April 2025.
Oslo-based Havfram owns and operates vessels for installing wind turbines. According to Zwijndrecht-based Deme, it’s a strategic acquisition. “It aligns with Deme’s ambition to expand its capacity in the offshore wind energy market and strengthens its competitive position in turbine and foundation installations.”
Offshore wind farm projects
Until now, Havfram has been primarily owned by Sandbrook Capital, a private investment firm focused on climate infrastructure, and the Public Sector Pension Investment Board, one of Canada’s largest pension investors.
Havfram already has an order book of around 600 million euros, which includes support for constructing some of the world’s largest offshore wind farms from 2026 to 2030.
‘Key element in global energy transition’
The company is currently building two next-generation wind turbine vessels. Both vessels, under construction and expected to be delivered in the fourth quarter of 2025 and early 2026, respectively, are already contracted as of the second half of 2026. Havfram has approximately fifty employees.
“DEME’s investment in Havfram underscores our unwavering belief in the immense potential of offshore wind infrastructure as a key element in the global energy transition,” concluded Luc Vandenbulcke, CEO of Deme.
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