Wilhelmsen’s 25% Acquisition of Edda Wind

BAHR assisted Østensjø Rederi and Edda Wind.

Wilhelmsen has entered into an agreement with Østensjø Group to acquire 25% of its offshore wind business unit Edda Wind.

As part of the agreement, Wilhelmsen also secured an option to buy another 25% before June 2021.

Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks.

Østensjø Rederi is a private Company established in 1974 by owner Johannes Østensjø. The Company has since its beginning been a leading provider of offshore- and towage services worldwide. It operates a fleet of 32 modern vessels, including 20 tugs/mooring vessels, 9 offshore service vessels, including 2 SOV’s operating in the renewable market, and 1 accommodation vessel.

The main office is located in Haugesund on the southwest coast of Norway, but Company offices can also be found in Aukra, Norway, Aberdeen and Southampton, UK and Malta. The vessels are operating worldwide.

Founded in 1861, the Wilhelmsen group operates the largest maritime network on the planet, with over 2 200 locations worldwide. Delivering market-leading products and services to over half of the world’s merchant fleet, they also supply best in class crew and technical management to the biggest and most complex vessels currently at sea. Consistently developing innovative, customer-focused and sustainable solutions, they’re taking an active role in shaping the maritime industry for the future. In addition, through their investments they are exploring new opportunities, with new partners, within the renewable energy, alternative fuels, offshore and technology industries.

BAHR team included Geir Gustavsson, Anne Dahl Frisak (Picture), Carl A. Rønning and Henrikke Kristine Madsgaard.

Involved fees earner: Anne Dahl Frisak – BAHR SA; Geir Gustavsson – BAHR SA; Henrikke Kristine Madsgaard – BAHR SA; Carl Rønning – BAHR SA;

Law Firms: BAHR SA;

Clients: Edda Wind – Østensjø Rederi AS; Østensjø Rederi AS;