DEME completes €900 million take-over of Havfram Holdco

Havfram Holdco, which is based in Oslo, focuses on providing transport and installation services to the offshore wind sector, and is currently building two Wind Turbine Installation Vessels (WTIVs).

Notoriously in short supply, these WTIVs have already been contracted out for the second half of next year, DEME says.

“Havfram has an order book amounting to approximately 600 million euros, and this includes providing support for the construction of some of the world’s largest offshore wind farms for the period 2026- 2030,” the company says.

‘Outstanding’ annual report

In DEME’s annual report for 2024, CEO Luc Vandenbulcke and Chairman Luc Bertrand in a joint letter said the year had proved to be an outstanding one for the company.

“Over the previous years we took bold decisions to invest in ground-breaking offshore installation vessels such as Orion and Green Jade, and in Spartacus, the most powerful cutter suction dredger in the world,” the letter said. “The results of 2024 demonstrate that this multi-year fleet investment program has paid off.”

The company also made boosted the capability of its cable layer Viking Neptun with a second carousel, and added the largest fallpipe vessel in the world, Yellowstone, and survey vessel Karina to its fleet.

DEME says its offshore energy segment has made ground outside Europe with projects in the US and Asia, and has literally broken ground on new concepts for monopile foundation installations, drilling directly into rock at one French offshore wind farm for the first time – ‘unlocking new locations previously deemed unsuitable for offshore wind farms’, it says.