Wilhelmsen Ship Management acquires 50 percent of NorSea Wind

LYSAKER, Norway: June 2019. Wilhelmsen Ship Management (WSM) is to acquire 50 percent of NorSea Wind to offer a unified and integrated solution to the renewable wind energy market.

NorSea Wind, founded in 2016 as a subsidiary of Norsea Group, provides project management and logistics planning throughout all stages for on and offshore wind farm projects.

“NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market” explained Carl Schou, WSM president and CEO. “This acquisition complements [our] strong 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.”

In 2018 WSM and Norsea Wind secured a frame agreement to provide complete technical maintenance solution for TenneT’s off and onshore transformer stations and AC electricity transmission systems.

“This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector,” said Norsea Group president & CEO John Stangeland. “With the rapid market development, our combined competencies as a total solution provider will be best positioned to support stakeholders on the evolving journey.”

WSM provides technical and crew management services for LNG/LPG, Ro-Ro and PCC/PCTC, Container, Cruise, Bulk, and Offshore. NorSea is a privately- owned company founded in 1965 as a supplier of base services and integrated logistics solutions to the oil and gas industry in Norway.

Pictured: The DolWin Alpha HVAC to HVDC converter platform, located next to the Borkum Riffgrund Offshore Wind Farm in the German Bight.