OEG Energy Group Ltd. has wrapped up the acquisition of Marine Coordination Services (MCS), a specialist provider of marine coordination and offshore project services based in the Netherlands. OEG kept the consideration of the transaction undisclosed in its media release.
The company noted this is its 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.
MCS is a major 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, OEG said.
OEG said 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 assets age.
“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”, John Heiton, OEG’s Chief Executive Officer, 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”, added Jens Doeksen and Cor van der Velde, joint managing directors of MCS.
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