M&A Deal Summary

CMB Acquires Windcat Workboats BV

On December 18, 2020, CMB acquired marine company Windcat Workboats BV from SEACOR Marine Holdings for 33M GBP

Acquisition Highlights
  • This is CMB’s 1st transaction in the Marine sector.
  • This is CMB’s 0th largest (disclosed) transaction.
  • This is CMB’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2020-12-18
Target Windcat Workboats BV
Sector Marine
Buyer(s) CMB
Sellers(s) SEACOR Marine Holdings
Deal Type Divestiture
Deal Value 33M GBP

Target

Windcat Workboats BV

IJmuiden, Netherlands
website
Windcat Workboats is a diversified shipping and logistics group that supports vessel providers in Europe, and owns and operates, directly or through its joint ventures, a fleet of 46 CTVs in the European offshore wind sector. Windcat is headquartered in IJmuiden, the Netherlands and Lowestoft, United Kingdom, and has joint ventures with two strong local partners, FRS Windcat Offshore Logistics in Germany and TSM Windcat in France.

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Buyer(S) 1

Buyer

CMB

Antwerpen, Belgium

website

Category Company
Founded 1895
Sector Transportation
Revenue 496M USD (2014)
DESCRIPTION

CMB specializes in dry bulk maritime transport and also owns and operates warehouses, as well as engages in real estate. The company transports dry bulk goods, primarily coal, iron ores, and grains principally in Belgium. The company’s fleet primarily consists of capsize, panamax, and handymax vessels. CMB was founded in 1895 and is based in Antwerpen, Belgium.

DEAL STATS #
Overall 4 of 4
Sector (Marine) 1 of 1
Type (Divestiture) 3 of 3
Country (Netherlands) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Revolve Technologies

Brentwood, United Kingdom

Revolve Technologies is an automotive engineering business that owns a leading performance parts brand, Mountune. The Mountune division, whose products are used by consumers and racing teams to enhance engine performance. Revolve Technologies was founded in 1995 and is based in Brentwood, United Kingdom.

Buy -

Seller(S) 1

SELLER

SEACOR Marine Holdings

Houston, Texas, United States

website

Category Company
Founded 1989
Sector Marine
Employees1,286
Revenue 217M USD (2022)
DESCRIPTION

SEACOR Marine Holdings provides global marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide. SEACOR Marine and its joint ventures operate a diverse fleet of offshore support and specialty vessels that deliver cargo and personnel to offshore installations; handle anchors and mooring equipment required to tether rigs to the seabed; tow rigs and assist in placing them on location and moving them between regions; provide construction, well workover and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance and repair. SEACOR Marine Holdings was founded in 1989 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 COSCO Shipping Heavy Industry - Three Platform Supply Vessels

Shanghai, China

COSCO Shipping Heavy Industry Co. Ltd. - Three Platform Supply Vessels are Rolls Royce UT771CDL design of 3,800 tons deadweight capacity with dynamic position class 2 and firefighting class 1 notations. They can accommodate a subsequent upgrade to a battery hybrid power solution. They will be registered in the Marshall Islands and be named the M/V SEACOR Alps, SEACOR Andes, and SEACOR Atlas, respectively.

Buy $46M
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