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Deme acquires 50% stake of Bauer Offshore Technologies

The Bauer Group has announced that Deme Offshore Holding, a wholly owned subsidiary of Deme Group, has acquired a 50% stake in Bauer Offshore Technologies, which is headquartered in Schrobenhausen in Germany.

DEME Offshore Holding NV has acquired a 50% stake in BAUER Offshore Technologies GmbH Deme Offshore Holding NV has acquired a 50% stake in Bauer Offshore Technologies GmbH (Photo: Bauer)

Bauer Offshore Technologies, a part of the Bauer Group, specialises in drilling services for the installation of foundations for offshore wind farms.

As part of Deme’s Offshore Energy segment, Bauer Offshore Technologies will continue to operate under its brand. The eight-member team will deliver consulting and engineering services, utilising specialised equipment developed and manufactured by the Bauer Group. 

The agreement also includes an option for Deme to acquire the remaining 50% stake within the next five years.

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