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Cadeler Acquires Menck at 501 Million Euro Enterprise Valuation

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Danish offshore wind installation company Cadeler has acquired Menck, a specialist provider of equipment and technology for offshore foundation installation, for an enterprise valuation of 501 million euros ($578 million).

The deal, which closed after receiving all required regulatory approvals, expands Cadeler's capabilities in offshore foundation transportation and installation and reduces its reliance on subcontracted services. The actual transaction price was not disclosed.

Menck, which has over 150 years of engineering experience, will continue operating as a standalone business and serving customers across the offshore wind market, including other installation contractors.

The company provides hydraulic impact hammers and services including noise mitigation, drilling, grouting and specialist lifting equipment.

Cadeler said combining Menck's technology and engineering expertise with its fleet of heavy-lift wind installation vessels will allow it to offer customers a more integrated installation service.

The acquisition was financed with available liquidity and a 380 million-euro acquisition facility from DNB Bank and Cooperatieve Rabobank.

Cadeler said the facility is expected to be refinanced through long-term financing and operating cash flow.

Menck expects to introduce a next-generation Wind Hammer in early 2027, designed to support installation of ultra-large offshore wind foundations.

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