Tuesday news

Cadeler acquires German offshore supplier for EUR 501m

Menck is a German offshore supplier specializing in foundation installation equipment and engineering. The EUR 501 million deal was announced one day after Cadeler placed a EUR 805 million order for two T-class wind installation vessels at COSCO Shipping (Qidong) Offshore. CEO Mikkel Gleerup described Menck's specialized engineering capabilities as complementary to Cadeler's offshore installation expertise, aimed at supporting customers throughout the installation chain. EnergyWatch

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