November 23, 2017 9:18 PM ET

Marine

Company Overview of A2SEA A/S

Company Overview

A2SEA A/S provides offshore wind transportation, installation, and service solutions for the offshore wind industry. The company offers foundation transportation and installation; turbine transportation and installation; and operations and maintenance logistics services. The company handles transportation and installation of monopile, jacket, or tripod foundations; provides offshore turbine installations; and offers transportation and installation logistics that include transportation of components and personnel, dockside turbine assembly, mechanical assembly of turbines, and on-site vessels installation support. It also provides park owners and turbine manufacturers with offshore wind opera...

Kongens Kvarter 51

Fredericia,  7000

Denmark

Founded in 2000

Phone:

45 75 92 82 11

Fax:

45 75 92 63 75

Key Executives for A2SEA A/S

Chief Executive Officer
Chief Human Resource Officer & Deputy General Manager
Chief Engineer
Head of New Building
Vice President of Commercial
Compensation as of Fiscal Year 2017.

A2SEA A/S Key Developments

A2SEA to Install Transition Pieces on 396MW Merkur Offshore Wind Farm for GeoSea

A2SEA has signed an agreement to install 66 transition pieces (TPs) on the 396MW Merkur Offshore Wind Farm for GeoSea. SEA CHALLENGER will transport and help install the TPs with mobilisation for the project starting in the beginning of October 2017 in Eesmhaven, Holland. SEA CHALLENGER can carry six TPs at a time.

A2SEA Announces Executive Changes

A2SEA’s Board of Directors has decided to appoint Michael Glavind as the new Chief Executive Officer (CEO) of A2SEA. Michael Glavind currently holds the position as Chief Financial Officer in A2SEA. Michael Glavind replaces Jens Frederik Hansen, who has chosen to leave A2SEA in mutual agreement. Michael Glavind will take up his new role as CEO with immediate effect.

DONG Energy And Siemens Reportedly Seeks To Sell A2SEA

DONG Energy A/S (CPSE:DENERG) and Siemens Aktiengesellschaft (DB:SIE) are close to finding a buyer to A2SEA A/S, according to Berlingske Business' sources. The companies are now reviewing the bid received during February 2017 to find a suitable buyer. The price of A2Sea is valued at between $200 million and $250 million. Possible buyers include Fred Olsen Cruise Lines Ltd., MPI Offshore Limited, Vroon B.V. and Dredging Environmental & Marine Engineering NV.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 7, 2017
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