Seraya Partners-backed Cyan Renewables completed the acquisition of MMA Offshore for $702m.

Seraya Partners-backed Cyan Renewables, an offshore vessel portfolio company, completed the acquisition of MMA Offshore, a provider of marine and subsea services, for $702m. “The acquisition of MMA is a significant milestone for our future as a leader in the renewable energy space. This move strengthens our position in the Asia-Pacific region and solidifies our leadership in the offshore wind industry and energy transition. This acquisition brings extensive maritime services expertise and a strong operational presence in key markets such as Australia and the broader APAC region,” Lee Keng Lin, Cyan Renewables CEO.