OEG Vitality Group Ltd. has wrapped up the acquisition of Marine Coordination Providers (MCS), a specialist supplier of marine coordination and offshore mission providers based mostly within the Netherlands. OEG stored the consideration of the transaction undisclosed in its media launch.
The corporate famous that is its twelfth acquisition because it started rising its renewables service providing in 2020, demonstrating the ambition to quickly construct a market-leading supplier of specialist topside, subsea, and marine providers to the offshore renewables sector.
MCS is a serious offshore contractor that has established itself as a strategic accomplice for blue-chip shoppers throughout the European offshore power sector offering a spread of specialist marine coordination providers. MCS will be part of the OEG Renewables (OEGR) division, additional increasing OEG’s marine coordination capabilities and opening new market alternatives to supply built-in service options within the European offshore wind sector constructing upon MCS’s present robust trade relationships, OEG stated.
OEG stated there’s a robust progress outlook for European offshore power with EU targets aiming to double present put in capability by 2030 offering vital alternatives in each the set up and O&M market as property age.
“This strategic acquisition will facilitate additional growth of OEG Renewables’ service providing and working footprint within the rising European offshore power market, and the event of recent built-in options for our shoppers”, John Heiton, OEG’s Chief Govt Officer, stated.
“Turning into a part of OEG group will enable MCS to extend the worth proposition we will provide to our shoppers by leveraging OEG’s world footprint and big selection of specialist topside, subsea and marine providers”, added Jens Doeksen and Cor van der Velde, joint managing administrators of MCS.
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