DISA INTERNATIONAL ACQUIRES 50% SHARE OF WALS DIVING IN C‐VENTUS

Date: 12/05/2015

Beerse, 11May2015;

DISA INTERNATIONAL HOLDING BVBA, the innovative underwater solutions provider, announces that it has acquired the 50% stake of Wals Diving & Marine Services in CVentus Offshore Windfarm  Services  BV, thereby obtaining a 100% interest in CVentus through its wholly owned subsidiary DISA Nederland BV.

With an excellent safety record, CVentus is known as a leading service provider in the offshore wind segment. On basis of its ropeaccess, survey, diving and ROV capability, CVentus renders a wide array of  services from the seabed up,  in the installation and O&M phases of offshore  windfarms.  The company is thereby the onestop shop supplier of choice to a clientbase which consists of both installation contractors and energy companies.

 

Hans Reinigert, Managing Director of DISA INTERNATIONAL, said: “We are pleased to announce this step forward for DISA, which is in line withour strategic plans and reflects our focus on the offshore sector in general and offshore wind in particular. We are proud of and thankful for what we have achieved thus far together with our former partners Wals Diving and value the relationship with them. That relationship will be the basis for close and exclusive cooperation in years a head. The CVentus culture as well as the name, which has become a recognized brand name in a relatively short period of time,  will obviously  remain  and we very much look forward  to expand  the  company further, be it organically or by other acquisitions.”

 

Cor Wals, Managing Director of Wals Diving, mentioned: "The sale of our stake in CVentus is part of our drive to strengthen our core business. In a constantly solid partnership over the last few years, we have been able to make CVentus a successful leader in the offshore wind segment. By uniting continuity with new perspectives, I'm convinced that DISA's complete acquisition of CVentus will offer the customers, partners, employees and other stakeholders of CVentus a beneficial and sustainable structure. Our dealings and recent negotiations with DISA were always constructive and based on a spirit of mutual understanding and trust. In a new setting, we will continue to cooperate with DISA and contribute to the success of CVentus.”

 

About CVentus

CVentus Offshore Windfarm Services BV has been established in 2011. Over the years the company has enhanced its service package as well as operational working area, which now includes the Dutch, Belgian, French, German and UK sectors. In these areas CVentus offers installation, service and repair works from the seabed up, whereby it is committed to the highest quality and safety standards. Assignments already completed comprise diving and ROV  operations,  scour  mitigation, survey and positioning, cable inspections and repairs, cleaning and coating and cable pullins, as well as the marine operations associated with these works. Be it overall project management of annual inspection programs and followup remedial action or ad‐hoc consultancy and specific project support, C‐Ventus is able to deliver based on knowhow and experience. Safe, reliable and always with the Client’s best interest at hart, C-Ventus truly appreciates the challenges posed by an offshore environment.

 

For further information we refer to the website: www.c-ventus.com

 

Contacts for information

For Corporate information, please contact: Mr. Svend Larsen

Director Finance DISA International Holding

Telephone: +31103400522

Email: s.larsen@disa-international.com

 

 For information on CVentus, please contact: Mr. Martijn Hoogenstraaten

 Managing Director CVentus

 Telephone: +31255820020

 Email: mh@c‐ventus.com

 

 

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