Cadeler acquires Menck for EUR 501m

Cadeler A/S, a leading offshore wind installation contractor, announced the acquisition of Menck GmbH, a global provider of specialist equipment and technology for offshore foundation installation, from Acteon Group. The transaction is based on an agreed enterprise valuation of EUR 501 million (approximately $578 million), with signing and closing completed simultaneously after receiving all mandatory regulatory approvals. Cadeler intends to operate Menck GmbH as a standalone business, preserving its independent market position while strengthening its role as a key supply chain provider. The acquisition combines Menck GmbH's specialist technology and engineering expertise with Cadeler's fleet of heavy-lift wind installation vessels, enabling a complete and integrated approach to project execution. The deal was financed through available liquidity and a EUR 380 million acquisition facility provided by DNB Bank and Coöperatieve Rabobank U.A., expected to be refinanced with long-term financing. Menck GmbH expects to introduce its next-generation Wind Hammer early in 2027. This acquisition follows Cadeler's recent order for two new T-class vessels from COSCO Shipping Offshore.