VAN OORD ACQUIRES MPI OFFSHORE

July 17, 2018

Van Oord has signed an agreement with Vroon Group to acquire MPI Offshore, a specialist offshore wind installation contractor. Van Oord will take over the MPI organisation in Stokesley, UK, and the vessels and crew of the MPI Adventure and MPI Resolution with associated contracts. The transaction is subject to approval of competition authorities and due diligence and expected to be closed by the end of September 2018. With this acquisition Van Oord will further strengthen its global wind organisation and in particular in the UK wind market. ‘The acquisition is fully in line with our ambitions and investment programme for the coming years’, says CEO Pieter van Oord. “Offshore wind will play an important role in the energy transition. By acquiring the MPI Adventure and MPI Resolution and the addition of qualified personnel, our position in the offshore wind industry will be further strengthened.” Van Oord has been involved in the construction of offshore wind projects since 2002, amongst others the Gemini Offshore Wind Park (NL) and the Walney Extension offshore wind farm (UK). Preparations are currently being made for the construction of the Borssele III / IV offshore wind farms (NL) and the Norther offshore wind farm (Belgium). Last May, Van Oord announced that it was awarded an extensive wind project in Taiwan, and thus took first steps towards the Asian offshore wind market. About Van Oord Van Oord is a Dutch family-owned company with 150 years of experience as an international marine contractor. The focus is on dredging, oil & gas infrastructure and offshore wind. In 2017, Van Oord recorded a turnover of more than EUR 1.5 billion. Its head office is in Rotterdam. Van Oord employs approximately 4,500 staff, who worked in 2017 on 180 projects in 42 countries. The fleet consists of more than one hundred vessels. Marine ingenuity is characteristic of Van Oord. By using innovative, smart and sustainable solutions, they want to contribute to a better world for future generations. In 2018, the company is celebrating its 150th anniversary. (Source and image: Van Oord/MPI Adventure installation jackup)