Cadeler acquires Menck for $578m to expand offshore wind operations. The acquisition is financed through Cadeler's available funds and a €380m facility from DNB Bank and Coöperatieve Rabobank. Danish offshore wind installation contractor Cadeler has acquired Menck, a German provider of equipment and technology for offshore foundation installation, for €501m ($578.1m). Following the completion of all required regulatory approvals, the agreement allows Menck to continue operating as an independent business within the Cadeler Group. Cadeler acquired Menck from Acteon, an offshore energy services firm based in the UK that delivers engineering and operational solutions for offshore assets throughout their lifecycle. Funding for the deal includes both Cadeler's existing liquidity and a €380m acquisition facility jointly arranged by DNB Bank and Coöperatieve Rabobank. Cadeler intends to replace the acquisition facility with longer-term financing and future operational cash flow. Menck offers hydraulic impact hammers, noise mitigation solutions, drilling, grouting, and lifting services for fixed-bottom offshore foundations. The company's equipment and expertise have been used on various projects, including supplying a 4,400kJ impact hammer for Cadeler's ongoing work at the Hornsea 3 offshore wind project. According to Cadeler, keeping Menck as a standalone business is a central part of the acquisition, ensuring the preservation of Menck's organisational structure, market relationships, and operational approach. Cadeler CEO Mikkel Gleerup said: "Offshore wind projects continue to increase in scale and technical complexity, making reliable execution more important than ever. Menck has built an outstanding reputation over more than 150 years as a trusted provider of mission-critical foundation installation equipment and engineering expertise. "Bringing together Menck's specialist engineering capabilities with Cadeler's offshore installation proficiency, we are combining highly complementary strengths that will enhance our support to customers across the full installation value chain." Menck will continue to supply equipment and services to other contractors across the offshore wind industry, retaining its market identity. Cadeler operates one of the largest fleets of jack-up wind installation vessels and has positioned itself for large-scale, complex offshore projects. The company indicated that bringing Menck's engineering expertise and technical solutions alongside its own fleet will allow it to offer a more integrated approach to the transportation and installation (T&I) of wind foundations. Both companies share a model focused on leveraging technical and operational know-how to maximise the value and utilisation of their asset bases. Cadeler expects the acquisition to enable more efficient project delivery, reduce dependency on subcontractors, and increase project flexibility, while maintaining Menck's access to the wider market. In June 2026, Cadeler completed the installation of 100 Siemens Gamesa wind turbines at RWE's 1.4GW Sofia offshore wind farm in the UK North Sea. Give your business an edge with its leading industry insights.

Intermoor secures third Petrobras contract for mooring and subsea asset services in Brazil. By Acteon Published 04 Aug 2026 - 1 minute 30 seconds Intermoor, Acteon's Moorings and Anchors business line, has been awarded a new contract by Petrobras for the provision of inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring and anchoring materials. This award marks the third contract secured by Intermoor from Petrobras in less than a year, reinforcing a long-standing partnership built on technical capability, operational performance and consistent delivery. Under the scope of work, Intermoor will deliver integrated services covering a wide range of critical mooring components, including chains, steel wire ropes, anchors, connectors, load collars, anode collars, adapters and other load handling accessories. These services will support Petrobras' offshore operations across Brazil's extensive subsea infrastructure portfolio. The three-year contract includes: * Visual and dimensional inspection of materials and accessories * Non-destructive testing, including magnetic particle and liquid penetrant testing * Cleaning and surface preparation * Surface treatment and painting for preservation purposes * Maintenance, repair, replacement and reconditioning of anchoring components * Handling, transportation where required, storage and preservation of materials. In addition, the project requires the allocation of 20,000 m[2] dedicated exclusively to the temporary storage of Petrobras materials undergoing maintenance at Intermoor's Açu Port yard. This facility will ensure proper identification, organisation and traceability throughout the maintenance cycle. End-to-end mooring lifecycle delivery in Brazil. This contract further strengthens Intermoor's position across the full mooring lifecycle, including permanent mooring installation in Brazil. The ability to inspect, maintain and recondition critical components at scale provides direct control over asset readiness, quality and traceability ahead of offshore execution. Combined with continued investment in the Açu Port base, Intermoor continues to help operators maintain asset integrity and is well positioned to support installation programmes with greater efficiency, improved mobilisation planning and increased operational certainty. Acteon Group is proud to continue to strengthen its partnership with Petrobras through this award. Being selected again shows the trust placed in its local team and its ability to deliver consistent, high-quality services across complex offshore assets. Acteon Group thank Petrobras for their continued confidence and look forward to supporting safe, efficient and reliable operations across their portfolio. As Intermoor celebrates twenty years in Brazil, it continues to support complex offshore projects with proven local expertise. Marcos Passos General Manager, Intermoor do Brasil