CMB to acquire CTV operator Windcat Workboats from SEACOR Marine

Windcat CTV [Image: CMB]
Antwerp-headquartered Compagnie Maritime Belge (CMB) has reached an agreement to acquire Lowestoft, U.K., headquartered Windcat Workboats Holdings Limited and its crew transfer vessels from SEACOR Marine Holdings Inc. (NYSE: SMHI).
The deal will see CMB pay SEACOR Marine GBP 32.8 million in cash (about US$44.6 million) and assume all of the approximately GBP 20.4 million (about $27.8 million) of debt outstanding under Windcat’s existing revolving credit facility.
The transaction is expected to close on or prior to January 12, 2021.
Windcat owns and operates, directly or through its joint ventures, a fleet of 46 CTVs in the European offshore wind sector. Windcat’s CTVs are designed and built under the supervision of its management, a team with more than 18 years’ experience in the industry. The existing Windcat management team will continue to lead the company after completion of the transaction.

Related Keywords

Alexander Saverys , John Gellert , Neil Clarkson , Windcat Ctvs , Robbert Van Rijk , Marine Holdings Inc , Construction Service Operation Vessels , Windcat Workboats Holdings , Service Operation Vessels Csovs , Windcat Workboats , Compagnie Maritime Belge , Windcat Workboats Holdings Limited , Executive Officer , Service Operation Vessels , Managing Director , ஜான் கெல்லேர்ட் , நீல் கிளார்க்சன் , கொள்ளைக்காரன் வேன் ரிஜக் , கடல் ஹோல்டிங்ஸ் இன்க் , கட்டுமானம் சேவை செயல்பாடு நாளங்கள் , கொம்பக்னிக்கே கடல் பெல்ஜ் , நிர்வாகி அதிகாரி , சேவை செயல்பாடு நாளங்கள் , நிர்வகித்தல் இயக்குனர் ,