HAL Holding completed the acquisition of IQIP Holding from Royal IHC.

HAL Holding, an international holding company completed the acquisition of IQIP Holding, a supplier of foundation and installation equipment to the offshore wind, coastal & civil, and oil & gas markets, from Royal IHC, a Dutch shipbuilding company. Financial terms were not disclosed. "We want to strengthen and further expand our position in both the offshore energy market and the civil market. With this independent position, we can continue on this course and continue to offer our customers total solutions and support them in the challenges in the field of technology, safety, and sustainability. This enables us to guarantee our contribution to the energy transition worldwide," Robert Diepenbroek, IQIP Holding CEO.