Sif to acquire KCI the engineers

In: Foundations
Sif Holding and Royal IHC have signed heads of agreement on an intended acquisition by Sif of KCI the engineers (KCI). Final agreement is subject to due diligence outcome and foreseen in the first quarter of 2021. Works Councils of parties involved have been informed or asked to advise on the intended acquisition.

Sif stated that a close link between foundation design and manufacturing know-how can result in a significant optimisation of both. By adding design engineering skills, Sif aims to move forward as an integrated total solution partner for offshore wind monopile products and services. The intended acquisition of KCI is aims to boost engineering-capacity and -competence to support this approach.

KCI has been part of Royal IHC since 2018 (founded in 1987) and has been active in the offshore energy industry supporting the design and project management of complex offshore engineering projects. Reference projects include oil & gas greenfield and brownfield engineering, leisure and renewables. KCI was recently commissioned to support the South Korean Jeju Hanlim offshore wind project, where KCI will act as the engineering consultant to KEPCO E&C.

Fred van Beers, CEO of Sif Holding NV stated: "In-house concept, system and detailed design engineering adds value to the total foundation solution, especially in the current environment where step-ups in turbine-sizes dominate the landscape. We not only need to keep up with the pace of the supply-chain in the offshore wind industry, we also have the ambition to influence it. We are convinced the combined power of KCI and Sif forms a strong basis for the monopile solutions of the future”.

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