The acquisition expands OEG’s marine and offshore project services capabilities and access to the growing European offshore renewables sector.
OEG Energy Group Limited (“OEG”, the “Group”), a leading offshore solutions business, is pleased to announce that it has completed the acquisition of Marine Coordination Services (“MCS”) a specialist provider of marine coordination and offshore project services based in the Netherlands for an undisclosed consideration.
MCS is a leading offshore contractor that has established itself as a strategic partner for blue-chip clients within the European offshore energy sector providing a range of specialist marine coordination services. MCS will join the OEG Renewables (“OEGR”) division, further expanding OEG’s marine coordination capabilities and opening new market opportunities to offer integrated service solutions in the European offshore wind sector building upon MCS’s existing strong industry relationships.
Highlights:
- This is OEG’s 12th acquisition since it began growing its renewables service offering in 2020, demonstrating the ambition to rapidly build a market leading provider of specialist topside, subsea, and marine services to the offshore renewables sector.
- The MCS team brings a wealth of experience and talent that will further strengthen OEGR’s capabilities and expand our ability to offer our clients integrated service solutions.
- There is a strong growth outlook for European offshore energy with EU targets aiming to double current installed capacity by 2030 providing significant opportunities in both the installation and O&M market as the assets age.
John Heiton, OEG’s Chief Executive Officer said: “We are delighted to welcome MCS to the OEG group. This strategic acquisition will facilitate further expansion of OEG Renewables’ service offering and operating footprint in the growing European offshore energy market, and the development of new integrated solutions for our clients.”
Jens Doeksen and Cor van der Velde, joint MD’s of MCS said: “Becoming part of OEG group will allow MCS to increase the value proposition we can offer to our clients by leveraging OEG’s global footprint and wide range of specialist topside, subsea and marine services. Both OEG and MCS share the same values and commitment to achieving the highest possible standards of Health and Safety and building long-term relationships to be the preferred strategic partner for the delivery of robust added value solutions”.