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Live From Nor-Shipping 2019

Wilhelmsen Ship Management bets on offshore wind with 50% stake in NorSea Wind

Wilhelmsen Ship Management (WSM) is looking to a strong future in the offshore wind market acquiring a 50% stake in NorSea Wind.

NorSea Wind provides project management and logistics planning throughout all stages for on and offshore wind farm projects and the acquisition of the stake by WSM strengthens its position in the offshore wind market. NorSea Wind is part of the NorSea Group which as with WSM is part of the Wilhelmsen Group.

“NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market,” said Carl Schou, president and ceo of Wilhelmsen Ship Management. “This acquisition complements WSM’s 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.”

Earlier this year Schou told Seatrade Maritime News that the saw the offshore wind market as one that would grow exponentially.

Read more: Wilhelmsen Ship Management re-entering tanker sector after decade absence

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

John Stangeland, president and ceo of Norsea Group, commented “This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector.”

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