Global Marine Systems gas completed the acquisition of CWind, an offshore wind industry services provider, following the majority interest acquisition that took place in February this year and the subsequent purchase of the remaining minority stake in November.
Lee Andrews, managing director CWind, said, “This is a pivotal time in the company’s journey. CWind now has the backing and support of Global Marine, including the financial stability, that will enable us to take the next step in delivering larger and more complex projects. CWind has chartered a DP2 vessel to work in the German sector supported by our own CTVs and technicians, a first for the company delivering a work package of this magnitude. Without the backing of Global Marine this wouldn’t have been possible.”
Alongside their parent company Global Marine, CWind is now evolving their service offering in order to provide a greater variety of subsea and topside services, responding to market demands. Equally, the company is developing their O&M offering as they now have access to large assets as part of the shared asset portfolio, CWind explained.
Ian Douglas, CEO, Global Marine added, “I am delighted that we have now fully completed the acquisition of CWind, allowing us to build even deeper synergies between the two companies. Lee and the team at CWind are already offering a comprehensive range of services to the market and have been successful in becoming a leading supplier. Now, with our support, they will no doubt drive the business further to meet the future needs of OEMs and developers. Our plans for growth continue and I’m pleased to announce that CWind will be bringing a second, multi-purpose DP2 vessel to the market as a ‘ready-to-go’ service platform in the North East of England in the coming months.”