Sandbrook Capital and the Public Sector Pension Investment Board have progressed with plans to sell Havfram, a Norwegian offshore wind infrastructure firm, to DEME. The agreement, valued at nearly €900M, reflects a focused move in the renewable energy sector and reinforces DEME’s commitment to offshore energy and marine engineering. Additional strategic factors, such as rising investor interest in sustainable energy infrastructure, contribute to the significance of this transaction.
Market Dynamics in Offshore Energy
Industry participants acknowledge that expanding offshore wind markets continue to attract major investments and infrastructure developments. Havfram, established in 2021 by Sandbrook Capital and PSP Investments, has advanced by embedding robust capabilities in constructing and operating Wind Turbine Installation Vessels. Its growing order book for large-scale offshore wind farms underscores the evolving market dynamics.
Deal Structure and Strategic Priorities
The proposed transaction will finalize by the end of April 2025, pending customary conditions. DEME, a Belgium-based contractor active in offshore energy, dredging, environmental remediation, and deep-sea mineral harvesting, will assume responsibility for a portfolio that now includes key assets in offshore wind installation. The structured deal demonstrates a clear strategic intent to consolidate expertise across multiple segments of marine infrastructure.
Other published reports have provided similar transaction details, affirming DEME’s deeper involvement in the offshore wind and marine sectors. News outlets noted previous investments in renewable energy infrastructure, which consistently have attracted global financial and operational interest.
Since its formation, Havfram has focused on securing essential installation capacity through advanced WTIVs. Its growth under the stewardship of Sandbrook Capital and PSP Investments has led to a backlog of contracts for major energy projects, thereby cementing its role within the sector.
Official statements highlight the positions of the companies involved.
“The support and long-term vision of Sandbrook Capital and PSP Investments have been instrumental in building Havfram into what it is today. We’re incredibly excited to join forces with DEME, a global leader with a shared mission to accelerate offshore wind deployment. Together, we will play a major role in enabling the energy transition around the world,” stated Ingrid Due-Gundersen, CEO of Havfram.
“We partnered with PSP Investments to build Havfram because we saw a unique market opportunity to provide the state-of-the-art vessels required to build today’s enormous offshore wind farms,” commented Christopher Hunt, Partner at Sandbrook Capital.
“Our investment in Havfram reflects our broader capabilities and commitment to invest in assets essential to the renewables value chain while generating strong risk-adjusted returns,” expressed Sandiren Curthan, Managing Director and Global Head of Infrastructure Investments at PSP Investments.
DEME’s acquisition is set to broaden its operational portfolio in offshore wind and connected maritime sectors. Stakeholders can observe how this deal integrates with broader industry trends and financial strategies within renewable infrastructure. The structured transaction offers industry participants detailed insights into sector consolidation and investment opportunities.
