Mergers & Acquisitions ·
Cadeler A/S acquired 100% of Menck, a leading provider of specialist equipment and services for offshore foundation…
CDLRCadeler A/S
Cadeler A/S acquired 100% of Menck, a leading provider of specialist equipment and services for offshore foundation installation, in a transaction with an agreed enterprise valuation of EUR 501 million. The acquisition was funded through an EUR 380 million facility from DNB Bank ASA and Rabobank, supplemented by available liquidity. This strategic move significantly expands Cadeler's capabilities in offshore wind transportation and installation (T&I), integrating Menck’s hydraulic hammers and services to create a fully integrated end-to-end partner. The transaction is expected to be accretive to EBITDA multiples and supports medium-term targets of over 20% revenue CAGR and EBITDA margins increasing to 50-55%. Cadeler A/S operates in the offshore wind energy sector, providing vessel-based installation services for offshore wind farms.