Wilhelmsen Ship Management strengthens foothold in offshore wind industry

Wilhelmsen Ship Management (WSM) has acquired a 50% share of NorSea Wind and its subsidiaries with a view to enhancing its offering in the on and offshore wind sectors.

The company said the deal would enable it to offer ‘unified and integrated’ solutions to the wind energy market.

NorSea Wind, founded in 2016 as a subsidiary of  NorSea Group, provides project management and logistics planning throughout the lifetime of on and offshore windfarms.

Wilhelmsen Ship Management president and chief executive Carl Schou said, “NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market.

“This acquisition complements WSM’s experience in marine asset operation and maintenance. The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain.”

NorSea Group president and chief executive John Stangeland said the acquisition “provides major growth opportunities for both parties in the wind energy sector.”

WSM and NorSea Group are part of the Wilh Wilhelmsen group companies. In 2018, WSM, together with NorSea Wind, secured a frame agreement to provide technical maintenance solutions for TenneT’s off and onshore transformer stations and AC electricity transmission systems.