New Seawork exhibitor ESVAGT has advanced its growth ambitions with the strategic acquisition of two SOVs from Edda Wind.
ESVAGT has completed the acquisition of the Service Operation Vessels (SOVs) ‘Breeze Enabler’ and ‘Brint Enabler’ from Edda Wind through a 100% share purchase agreement of the two Spanish vessel owning entities.
The SOVs are on long-term contracts with customers Ocean Breeze (Germany) and Vestas (UK). Following productive discussions with the customers, the contracts for both ‘Breeze Enabler’ and ‘Brint Enabler’ have been novated to ESVAGT for continued operations and the crew onboard has been offered employment with ESVAGT.
“We are delighted to have reached this agreement with Edda Wind for two high quality assets after a constructive acquisition process. We further appreciate the trust Ocean Breeze and Vestas have placed in ESVAGT and are looking forward to continuing safe and efficient operations,” says ESVAGT CEO Søren Karas.
“This acquisition marks a major strategic step for ESVAGT, strengthening our leadership in long-term SOV operations and accelerating our growth ambitions.”
With this acquisition, ESVAGT maintains its position as market leader in long-term SOV contract operations. ESVAGT’s SOV fleet now consists of 12 vessels. In addition, three new SOVs are under construction for projects in the UK, the Netherlands, and the USA, with delivery planned for 2026.
CEO Kristian Ole Jakobsen said, “Combined with ESVAGT’s recent commissioning of the world’s first methanol-powered SOV for Ørsted, this development underscores ESVAGT’s commitment to driving a meaningful green transition in energy production,”.
ESVAGT is an industry leader within both the wind and oil & gas industries, operating a fleet of more than 40 modern offshore support vessels with professional crews trained for operations in harsh weather conditions. ESVAGT has over 1000 skilled employees engaged offshore and onshore.
