Rederij Groen Takes 50% Stake in GloMar

Scheveningen-based guard and seismic support vessel operator Rederij Groen has acquired a 50% stake in the compatriot offshore support vessel operator GloMar Group.

GloMar Offshore, situated in Den Helder, comprises of four divisions providing offshore wind Service Operation Vessels (SOVs), emergency rescue and response vessels, as well as a range of subsea services to the offshore oil, gas and renewable energy sector.

“This partnership will allow us to increase penetration in overseas markets such as the Middle East, Brazil, Africa and Asia thanks to the combined client bases both companies possess. Furthermore we are dedicated in developing our newest division GloMar Subsea, the one-stop-shop offshore service partner for all subsea operations such as IRM, BoP, survey and ad-hoc diving,” GloMar Offshore said.

Nielen Schuman acted as financial adviser to Glomar Group. Financial details for the transaction were not disclosed.