HGO InfraSea Solutions

As ship owner, HGO InfraSea Solutions assumes the role of a ship developer, ship manager and charterer for heavy-lift jack-up vessels, used to build and maintain offshore wind farms as well as offshore oil and gas facilities.

DEME subsidiary GeoSea takes over 50 percent of BELUGA HOCHTIEF Offshore shares
New name is HGO Infra Sea Solutions

HOCHTIEF has a new partner for the construction and operation of offshore special-purpose jack-up vessels: GeoSea, a company in the Belgian DEME Group, took over the 50 percent of shares in BELUGA HOCHTIEF Offshore GmbH & Co. KG with economic effect from June 1, 2011. The shares were sold to HOCHTIEF Solutions by the heavy-lift shipping company Beluga. The share acquisition is subject to approval by the relevant merger regulation authorities. After it is entered in the commercial register, the company's name shall be HGO InfraSea Solutions GmbH & Co. KG. Both partners have a 50 percent shareholding. The parties agreed not to disclose the purchase price. HGO InfraSea Solutions develops, constructs, manages and charters special-purpose vessels used to build and maintain offshore wind farms and oil and gas facilities. The new joint venture bundles the expertise of two leading providers of offshore solutions. As one of the world's biggest construction service providers, HOCHTIEF has many years of experience in port construction, marine engineering and offshore logistics, and operates its own jack-up platforms. DEME is one of the world's leading companies in marine dredging, marine engineering and marine environmental operations. GeoSea is DEME's specialist subsidiary in the area of worldwide installation services for offshore structures with its own jack-up platforms.