# Deme acquires Havfram for €900 million

Deme signed an agreement to acquire Havfram, a Norwegian offshore wind contractor, for approximately €900 million, including the purchase from Sandbrook Capital and PSP Investments and capital expenditures to complete two wind turbine installation vessels.

- Type: Acquisition
- Announced: 2025-04-10
- Where: Oslo, Norway, Norway
- Value: $990.0M (900.0M EUR)
- Jobs: 50
- Status: announced
- Products: offshore wind turbine installation vessels
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [DEME](https://endata.com/companies/1289.md) (acquirer)
- [PSP Investments](https://endata.com/companies/2613.md) (investor)
- [Public Sector Pension Investment Board](https://endata.com/companies/27641.md) (investor)
- [Havfram](https://endata.com/companies/56524.md) (target)
- [Sandbrook Capital](https://endata.com/companies/71745.md) (investor)
- [Havfram Wind Holdco](https://endata.com/companies/84510.md) (target)

## Sources

- [windtech-international.com](https://www.windtech-international.com/company-news/deme-signs-agreement-to-acquire-norwegian-offshore-wind-infrastructure-company-havfram), 2025-04-10: "Deme has signed an agreement to acquire Havfram, an offshore wind contractor based in Norway."
- [bairdmaritime.com](https://www.bairdmaritime.com/offshore/exploration-development/offshore-construction/column-concept-and-execution-part-one-of-two-demes-purchase-of-havfram-and-how-it-puts-pressure-on-its-competitors-offshore-accounts), 2025-04-14: "Last week, Belgium's DEME announced it was paying US$900 million to acquire Havfram, the Norwegian wind turbine installation vessel (WTIV) startup with just fifty employees and two newbuildings partially completed in China."
- [energyglobal.com](https://www.energyglobal.com/wind/02052025/deme-completes-acquisition-of-havfram-wind-holdco-as/), 2025-05-02: "The acquisition of Havfram supports DEME’s ambition to expand its presense in the offshore wind energy market"
- [renewablesnow.com](https://renewablesnow.com/news/deme-closes-eur-900m-acquisition-of-norways-havfram-1274650/), 2025-05-02: "DEME closes EUR-900m acquisition of Norway's Havfram"

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