OWC Supports Cadeler in Strategic Acquisition of Menck
OWC is pleased to announce its role as technical advisor in supporting leading offshore wind installation contractor, Cadeler, in its strategic acquisition of Menck, a global provider of specialist technology, equipment and services for offshore foundation installation.
This acquisition – announced yesterday – represents an important milestone for the offshore wind sector, bringing together Cadeler’s leading offshore installation capabilities and Menck’s more than 150 years of engineering heritage, specialist installation technology and extensive operational experience in offshore foundations. It marks a strategic step in strengthening capability across the offshore wind transportation and installation (T&I) supply chain as projects continue to increase in scale, complexity and number.
OWC supported Cadeler with a multidisciplinary team of technical, engineering, asset management and ESG specialists. Working within a highly compressed transaction timeline, the team delivered independent technical advisory services spanning technical due diligence, risk assessment and insurance diligence. This enabled Cadeler to undertake a comprehensive evaluation of the business and make informed decisions throughout the acquisition process.
“We are delighted to have supported Cadeler with our technical and transaction advisory expertise on this strategically important acquisition. Menck is one of the most respected names in offshore foundation installation, recognised globally for its engineering excellence, innovation and longstanding industry heritage. This engagement demonstrates how OWC brings together multidisciplinary expertise, independent technical advice and local market knowledge to help clients progress strategic transactions with confidence.”
Christian Apeah, Head of Independent Engineering at OWC
OWC’s team in Germany supported the project, combining in-country expertise with the company’s recognised global capability in independent engineering and technical advisory to provide a comprehensive assessment of Germany-based Menck.
“By combining the expertise of our Hamburg-based team with OWC’s international technical advisory capabilities, we provided Cadeler with independent, robust advice throughout the transaction process. I am incredibly proud of the team’s contribution to this strategically significant acquisition and the value they delivered at every stage.”
Lisa Keaton, Germany Country Manager at OWC
OWC also drew on the extensive expertise of its sister company in Germany, ABL, in loss prevention services for offshore wind T&I and O&M to support the insurance diligence relating to the transaction.
The transaction is based on an agreed enterprise valuation of EUR 501 million. Signing and closing were completed simultaneously following receipt of all required regulatory approvals.
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OWC provides industry-recognised technical due diligence, lender’s technical advisory and commercial due diligence services to support acquisitions and investments across renewable and low-carbon energy projects worldwide.
Combining multidisciplined technical knowledge, hands-on operational experience across offshore and onshore renewables, and a global footprint delivered through local teams, OWC helps investors, insurers, owners, operators and contractors understand technical, commercial and operational risks, supporting informed investment decisions and confidence in long-term asset performance.