Oceanteam Shipping has acquired the remaining 48% stake in OCEANWIND BV and is now the sole owner of Oceanwind Cable Storage & Handling Solutions.
As a result of the acquisition the company’s name will be changed to Oceanteam Cable Solutions, whereby it can now fully focus and grow its worldwide cable transport, handling and storage services under the Oceanteam umbrella and in close collaboration with Oceanteam’s other entities, the company wrote.
“In line with our strategy of further strengthening the Company’s solutions segment we are investing in and optimizing the end-to-end services we deliver to our client. This transaction, combined with the recently announced EUR 15 million revolving credit facility, provides us with the financial flexibility to execute on our business plan,” says Lex van Doorn, Managing Director, Oceanteam Cable Solutions.
The company has executed over 50 cable transport, handling and storage projects and currently offers facilities in Amsterdam, Delfzijl, Willemshaven, Dubai and South Korea.