Cadeler acquires MENCK for €501 million
CDLR Cadeler AS ADR
$23.21 -2.52%
View chart & analysis → - 1Danish offshore wind installation company Cadeler (CDLR) has acquired MENCK, a German offshore foundation installation equipment and technology company, for €501 million ($578.1 million).
- 2The seller is U.K. offshore energy services company Acteon, with funding provided by existing liquidity and a €380 million acquisition facility jointly arranged by DNB Bank and Rabobank.
- 3Following regulatory approval, MENCK will operate as an independent business within the group, and Cadeler expects efficiency gains and reduced reliance on subcontractors through integration of the installation value chain.
This 3-line summary is compiled from the report below.
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