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.

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