Marubeni Corporation and INCJ acquire Seajacks International

Marubeni Corporation (Marubeni) and the Innovation Network Corporation of Japan (INCJ) has agreed to acquire Seajacks International from Riverstone Holdings LLC.

The sale is expected to close at the end of April 2012.

Formed in 2006, Seajacks is a leading supplier of offshore installation and maintenance vessels which are used in the construction and maintenance of wind farms as well as in the North Sea oil and gas sector.

Blair Ainslie, Managing Director of Seajacks UK, said, “Seajacks has become a leading brand in the offshore wind farm sector and with the backing of our new owners Marubeni and INCJ we expect Seajacks’ future to be very bright. To date, Seajacks has installed well over 200 wind turbines successfully at the high profile UK wind farm sites of Greater Gabbard, Walney 1, Walney 2 and Sheringham Shoal, all carried out with an exemplary safety record.

Seajacks is perfectly located to take full advantage of the huge opportunities in the booming offshore wind and changing oil and gas sectors. Exciting times lie ahead for all involved with Seajacks.

This acquisition will allow Seajacks to expand and develop our business, with the main aim of building new vessels that will make the installation of offshore wind turbines even more efficient and flexible, so that wind farms can be completed and commissioned faster.”

Newbuild Seajacks Zaratan is scheduled for delivery from Lamprell shipyard in May 2012. Upon delivery it will commence installation works at the Meerwind wind farm, where Seajacks will be operating as Main Installation Contractor.

This year will see Seajacks cement its commitment to the East of England, by establishing a new 22,000 sq ft headquarters in Great Yarmouth. The £3 million headquarters will be the first Great Yarmouth building to emerge out of the UK’s Enterprise Zone scheme.