Japanese companies Marubeni and the Innovation Network Corporation of Japan (INCJ) are buying UK company Seajacks International of Great Yarmouth from Riverstone Holdings.
The sale is expected to close at the end of this month.
Set up in 2006, Seajacks is a leading supplier of offshore installation and maintenance vessels which are used in the construction and maintenance of windfarms as well as in the North Sea oil and gas sector.
This acquisition . . . the latest in a growing list of companies to pass out of UK ownership . . . is designed to enable Seajacks to more effectively expand and develop its business than has been the case to date.
The main aim is to build and operate new vessels that will make the installation of offshore wind turbines even more efficient and flexible than is currently the case.
The company has been able to invest under Riverstone control; notably the newbuild Seajacks Zaratan is scheduled for delivery from Lamprell shipyard in May.
Upon delivery it will commence installation works at the Meerwind windfarm in the North Sea, where Seajacks will be the main installation contractor.
Blair Ainslie, MD of Seajacks UK, said, “Seajacks has become a leading brand in the offshore windfarm sector and with the backing of our new owners Marubeni and INCJ we expect Seajacks’ future to be very bright.
“Seajacks is perfectly located to take full advantage of the huge opportunities in the booming offshore wind and changing oil and gas sectors.”
To date, Seajacks has installed well over 200 wind turbines for the Greater Gabbard, Walney 1, Walney 2 and Sheringham Shoal farms.
This year will see the firm cement its commitment to the East of England, by establishing a new 22,000 sq ft headquarters in Great Yarmouth.
The £3 million headquarters will be the first Great Yarmouth building to emerge out of the UK’s Enterprise Zone scheme.
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