Fred.Olsen Ocean, a subsidiary of Norway’s Bonheur ASA, has entered into an agreement to acquire a 50 percent ownership in United Wind Logistics for €12 million. The ownership split in UWL will be FOO 50 percent, United Shipping Group GmbH 37.5 percent and CPLP Holding GmbH 12.5 percent.
Courtesy of United Wind Logistics
UWL is a Hamburg, Germany-based company offering innovative transport solutions within marine transportation of various offshore wind turbine components such as blades, nacelles, towers and foundations from manufacturing sites to pre-assembly ports closer to offshore wind farm sites on a world-wide basis.
The operations of UWL are presently performed with chartered tonnage. UWL has a new building program for up to four vessels at the Jiangsu Zhenjiang Shipyard in China, of which the first two vessels have been ordered and are expected to be delivered in 2020.
“We are very pleased to team up with FOO and are looking forward to working together. Combining our strengths and our expertise within the offshore wind business, we already have identified a number of synergies,” said Lars Rolner, founder of United Wind Logistics.
FOO’s ownership in UWL will be consolidated by Bonheur ASA under the Shipping/Offshore Wind business segment.