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Announced

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Forth Ports completed the acquisition of OM Heavy Lift.

Synopsis

Forth Ports, a port operator, completed the acquisition of OM Heavy Lift, a project engineering company. Financial terms were not disclosed. “Today’s news is another important strategic move for Forth Ports as we secure our place in the offshore renewables sector, following the recent announcement of the ScotWind leasing round. We are investing significantly in Dundee and Leith to create an attractive offering for offshore renewables which will support the country’s transition to net zero. The acquisition of OMHL, coupled with that of Targe Towing, places Forth Ports in a strong position to play a leading role in supporting Scotland’s offshore renewables future," Charles Hammond, Forth Ports Chief Executive.

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