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Aker Horizons completed the merger with Aker Offshore Wind in a $84m deal.

Financials

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Transaction Value£64m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium6.9%
One Off Charge-

Tags

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Majority

Renewable Energy Equipment

Public

Norway

Privatisation

offshore wind projects

Acquisition

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Aker Horizons, an investment management company, completed the merger with Aker Offshore Wind, an offshore wind developer in Norway, in a $84m deal. “Accelerating the energy transition must be our priority to meet the dual challenges of the climate crisis and energy security, with offshore wind and clean hydrogen emerging as two essential pillars for this transition. We are confident that this transaction will enable us to utilize the full technology and engineering capabilities of our group to combine the deployment of commercial scale floating wind and hydrogen around the world," Philippe Kavafyan, Aker Offshore Wind CEO.

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