OEG Power Group has signed a sale and buy settlement to amass Netherlands-based Bluestream Offshore, a subsea and topside companies specialist, for an undisclosed quantity.
Bluestream gives specialist technical companies above and under the waterline to shoppers inside the vitality sectors. The corporate employs greater than 300 offshore subsea and topside specialists, expert in floor provided diving, remotely operated autos, working at peak, rope entry and unmanned aerial autos.
That is OEG’s fifth acquisition this yr and eleventh since OEG Renewables started rising in 2020. Bluestream will retain its established model and function as a subsidiary inside OEG Renewables. The transaction is predicted to shut later this yr, topic to regulatory approvals.
“We’re delighted to welcome Bluestream Offshore to the OEG Group. This value-accretive and strategically complementary acquisition will additional strengthen OEG’s service providing and working footprint within the rising European offshore vitality market,” says John Heiton, OEG’s CEO.
“Changing into a part of OEG Group and leveraging its world footprint will assist Bluestream improve the worth proposition to the offshore vitality market,” provides Bluestream’s Rolf de Vries.
“Each OEG and Bluestream share the identical values and dedication to offer the best high quality companies potential with the well being and security of our colleagues, shoppers and setting as a core precedence. OEG has carried out an amazing job of creating itself as a valued companion within the provide chain for offshore wind, and this merger will additional improve that standing and open up new alternatives for the Group inside the rising European offshore renewables trade.”
