French civil engineering construction company Eiffage has signed an agreement to acquire 100% of HSM Offshore Energy through its subsidiary Smulders.
HSM Offshore Energy is an EPCIC solution provider, particularly of electrical and mechanical systems for offshore energy projects.
The company is also focused on topsides for emerging new markets like CCS and hydrogen. The company delivers clients with multidisciplinary projects from design and engineering to offshore hook-up and commissioning.
HSM Offshore Energy is located in the Rotterdam area and generates annual revenues approaching €300m ($324m) with 140 employees.
Smulders specializes in large and complex steel construction projects, including the engineering and construction of transition pieces, jackets and high voltage substations.
HSM Offshore Energy and Smulders have a complementary value chain for providing topsides for offshore wind farms and new emerging markets. According to Effiage, the combination of the two will strengthen the capacity to deliver large offshore projects.
Recently, Smulders and HSM Offshore Energy have partnered on offshore renewable energy projects for the integration of auxiliary and high voltage equipment off the coasts of Germany and Belgium.
