Transaction: Acquisitions
Date: June 2009
Deal value: EUR 168 million
Process: Private auction
Industry: Energy and utilities

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DONG Energy is one of the leading energy groups in Northern Europe. The company is headquartered in Denmark. The business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. The company has approximately 6,000 employees and generates DKK 55 billion (EUR 7.3 billion) in revenue in 2010.

A2SEA was founded in 2000 and is a market leading supplier of installation vessels for the construction of offshore wind farms.

A2SEA is headquartered in Fredericia, employs about 200 people and owns four vessels.

DONG Energy’s acquisition of A2SEA and its vessels provides DONG Energy with increased flexibility by owning its own vessels and ensures in-house knowledge and competence.