VolkerWessels has signed a Letter of Intent (LOI) to sell offshore activities to Boskalis. Under the intended transaction Boskalis will acquire maritime and offshore wind energy related activities of VolkerWessels, being VBMS, Stemat and VSI (Volker Stevin International).
For the coming years, we expect demand for offshore wind energy to further increase both in Northwest Europe and beyond. We feel that our offshore activities are better incorporated into Boskalis.
VolkerWessels and Boskalis have been working together successfully for years in the offshore wind energy market. VBMS, a 50/50 VolkerWessels – Boskalis joint venture, is the European market leader in the field of offshore cable installation.