DEME announced today that it has signed an agreement to acquire Havfram, a Norwegian offshore wind installation contractor, for around 900 million euro. This strategic move supports DEME’s goal of expanding its presence in the offshore wind energy sector and strengthens its competitive edge in turbine and foundation installations going forward.

Havfram specializes in offshore wind installation services, particularly transport and installation of offshore wind turbines. The company is primarily owned by Sandbrook Capital, a private climate-focused investment firm, and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension funds.

Currently, Havfram is building two next-generation wind turbine installation vessels, scheduled for delivery in Q4 2025 and early 2026. Both vessels are already contracted starting in the second half of 2026. Havfram’s order book totals approximately €600 million, including major projects on some of the world’s largest offshore wind farms from 2026 to 2030. Among the contracts announced are big ticket names in Germany and the UK, including Hornsea 3, the Nordseecluster projects and Nordlicht II.

For full pipeline of Havfram contracts, subscribers can visit Esgian “Contracts” page at: https://wind-analytics.esgian.com/contract