UK: Boskalis closes aquisition of VolkerWessels offshore wind energy activities

The acquired activities consist of VBMS, Stemat and VSI (Volker Stevin International). VBMS is the European market leader in the field of offshore cable installation with a strong market position and well-filled order book. Boskalis already held 50% of the shares in VBMS and has acquired the remaining 50% through this transaction. Stemat has a global offering of specialized floating equipment and a diverse fleet that includes a cable-laying vessel and multi-purpose vessels. VSI is specialized in the construction of offshore foundations and maritime constructions. Late 2014 and mid-2015, Boskalis and VSI in joint venture acquired two large offshore wind farm projects, Wikinger and Veja Mate respectively. As a result of this transaction Boskalis will execute these projects on a 100% basis.

The activities will be consolidated as of the third quarter this year.