Offshore options agency OEG Vitality Group Restricted stated Monday it had agreed to amass Bluestream Offshore, a specialist in subsea and topside providers primarily based within the Netherlands, for an undisclosed consideration.
Primarily based in Den Helder, Bluestream is an offshore contractor offering specialist technical providers above and under the waterline to a roster of blue-chip purchasers inside the power sector.
Based on OEG, Bluestream has a turnover in extra of €55 million executed by way of an worker base of round 55 folks and greater than 300 offshore subsea and topside specialists.Â
“They’re extremely expert in floor provided diving, Remotely Operated Autos (ROVs), working at top, rope entry, and Unmanned Aerial Autos (UAV) offering purchasers with tailor-made options in the course of the set up, upkeep, and decommissioning of their offshore property. As well as, Bluestream has an inhouse analysis and growth division, aiming to repeatedly enhance the standard of its providers most just lately specializing in growing revolutionary and cost-saving options for the renewable business,” OEG stated of Bluestream offshore.
“The acquisition will enhance OEG’s subsea and topside capabilities whereas increasing its working footprint to have the ability to pursue additional alternatives within the rising offshore renewables business in Mainland Europe by way of Bluestream’s current robust fame,” OEG stated.
The transaction is anticipated to shut within the late fourth quarter of 2023 topic to receipt of regulatory approvals
John Heiton, OEG’s Chief Govt Officer stated, “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 power market. That is according to our technique to make value-enhancing acquisitions to place OEG because the chief within the provision of mission-critical providers and options supporting the power transition.”
Rolf de Vries, Managing Director of Bluestream, stated: “Turning into a part of OEG Group and leveraging its world footprint will assist Bluestream enhance the worth proposition to the offshore power market. Each OEG and Bluestream share the identical values and dedication to supply the best high quality providers potential with the well being and security of our colleagues, purchasers and atmosphere as a core precedence. OEG has performed an excellent job of building itself as a valued accomplice 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 business.”
