The French firm, SPIE, has revealed the plan to take over UK-based offshore wind engineering, set up, and upkeep companies firm, Correll Group.
Based in 2014 and headquartered in Skelton, Correll Group stands out for its information within the connection and testing of submarine high-voltage cables for the interconnection of wind farms, stated SPIE.
In line with the French agency, Correll Group deploys its experience within the offshore wind sector worldwide, significantly in Europe (Atlantic, Baltic, and North Sea), the US, and Taiwan.
SPIE will purchase 85 per cent of the share capital upon completion, whereas the remaining 15 per cent will likely be retained by the administration workforce. The corporate expects to finish the transaction in January 2024, topic to customary closing situations.
Since 2020, SPIE has received a number of contracts within the French offshore wind sector, together with two associated to the Fécamp and Courseulles-sur-Mer offshore wind farms.
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For SPIE Oil & Gasoline Companies, which is able to develop into SPIE World Companies Vitality as of January 2024, this acquisition represents a significant step in its diversification technique in direction of renewable energies carried out a number of years in the past to assist its prospects of their vitality transition, stated SPIE.
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