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Dutch contractor get EU approval for offshore merger

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Dutch contractor Boskali was given the green light Friday by the EU Merger Regulation authorities to take over it’s colleague VolkerWessel’s business offshore, including all three branches: Stemat Holding B.V., Volker Stevin International Holding B.V., and VBMS Holding B.V.

These companies provide marine services ranging from renting/leasing commodity vessels to the installation, maintaining and replacing subsea power and construction services. In addition to the infrastructure inland, Boskalis is also a marine services company that is active in dredging, installation, transport, towage and salvage (all offshore).

The European Commission commented, “The Commission concluded that the proposed acquisition would raise no competition concerns, because it would not significantly change the market structure. The operation was examined under the simplified merger review procedure.”

Article written by HEI contributor Marcela Abarca.

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