Cadeler, an offshore windmills installation services provider, agreed to merge with Eneti, an offshore wind farm construction and services, in a $1.31bn deal. “The combination will represent a significant step up in our ability to meet the increased demand globally for projects with larger scopes and project sizes in service of the much-needed green transition. To deliver on this ambition, we will provide our customers with the largest and most diverse fleet in the industry, operated by highly skilled teams with unique expertise and track records. For customers, the combined fleet will unlock unrivalled value due to increased cross-utilization of resources and improved flexibility, capacity, and agility," Mikkel Gleerup, Cadeler CEO.