Boskalis Wraps Up VolkerWessels Deal

Boskalis has concluded the acquisition of offshore-related activities from VolkerWessels following the approval by the European Commission.

The Commission concluded that the proposed acquisition, announced in March this year, would raise no competition concerns, because it would not significantly change the market structure.

As reported earlier, the acquired activities consist of VBMS, Stemat and VSI (Volker Stevin International).

Boskalis already held 50% of the shares in VBMS and has acquired the remaining 50% through this transaction.

Furthermore, two offshore wind farm projects, Wikinger and Veja Mate, which were jointly acquired by Boskalis and VSI, will now be executed on a 100% basis by the buyer.

The activities will be consolidated as of the third quarter this year, Boskalis said in a press release.

Share this article

Follow Subsea World News

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

3rd Deepwater East & Southern Africa Congress 2017

The past successful two series has gathered around 600 industrial professionals, while most of which thought this event informative and useful…

read more >

Offshore Technology Conference (OTC) 2017

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

OFFSHORE WIND CONNECTIONS 2017

The focus of OWC2017 is on the Yorkshire and the Humber region, which is at the epicentre of the offshore wind industry, and where billions…

read more >

19th Asia Oil and Gas Conference (AOGC 2017)

A high level congregation that needs no introduction, the Event brings forth strategic discourses from global industry captains…

read more >