# Cadeler and Eneti agree to combine in stock-for-stock deal

Cadeler A/S and Eneti Inc. have entered into a business combination agreement to create a leading offshore wind installation company. The combined company will be named Cadeler and listed on the NYSE and OSE, with a proforma market capitalization exceeding €1.2 billion.

- Type: Acquisition
- Announced: 2023-06-16
- Where: Copenhagen, Denmark, Denmark
- Status: announced
- Products: offshore wind turbine installation vessels, foundation installation vessels
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Eneti](https://endata.com/companies/8825.md) (target)
- [Cadeler](https://endata.com/companies/13479.md) (acquirer)

## Sources

- [ir.cadeler.com](https://ir.cadeler.com/press-releases/detail/33/cadeler-and-eneti-announce-agreement-to-combine-and-create-a-leading-offshore-wind-turbine-and-foundation-installation-company), 2023-06-16: "The combination will represent a significant step up in our ability to meet the increased demand globally for projects with larger scopes and project sizes in service of the much-needed green transition."
- [gulfoilandgas.com](https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=970358), 2023-07-16: "This is a strategic transaction combining two leading offshore wind companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.