Posted On: 07-01-2021
SEACOR Marine has entered into an agreement with Compagnie Maritime Belge (CMB) to sell its wholly-owned subsidiary Windcat Workboats and its crew transfer vessel (CTV) business. As consideration for the sale, at the closing of the transaction, CMB will pay SEACOR Marine £32.8 million, and assume the circa £20.4 million of debt outstanding under Windcat’s existing revolving credit facility. The transaction is expected to close on or prior to 12 January 2021. The existing Windcat cheap nhl jerseys management team will continue to lead the company after the completion of the transaction. Windcat owns and operates, directly or through its joint ventures, a fleet of 46 CTVs in the European offshore wind sector. It is headquartered in Lowestoft, the UK, and IJmuiden, the Netherlands, and has joint ventures with FRS Windcat Offshore Logistics in Germany and TSM Windcat in France. “The acquisition of Windcat fits into CMB’s strategy to diversify its business portfolio into the fast-growing offshore wind market and scale up the deployment of hydrogen ships and engines,” said Alexander Saverys, CMB CEO.
(Credits: www.offshore-energy.biz)
