Transaction: Divestments
Date: Pending
Deal value: Not disclosed
Process: Private auction
Industry: Energy and utilities

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FIH Partners advises DONG Energy and Siemens on the divestment of their jointly owned company A2SEA A/S to GeoSea NV.

A2SEA is a market leader within transportation and installation services for offshore wind farms. Since its foundation in 2000, A2SEA has installed more than 1,500 turbines and 400 foundations. The company is headquartered in Fredericia (Denmark) with subsidiaries in Germany and the UK. A2SEA currently has more than 180 employees dedicated to the offshore wind industry.

The acquirer, GeoSea NV, is a Belgian company that operates within complex marine engineering projects and is owned by DEME Group, a world leader in highly specialised fields of dredging, marine engineering and environmental remediation.

FIH Partners has acted as exclusive financial advisor to DONG Energy and Siemens.