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Eneti acquires Seajacks in drive to become leading wind carrier

With a fleet of five specialized vessels and a sixth underway, Eneti is making an effort to take on a leading role as a wind carrier with the acquisition of Seajacks.

Photo: cadeler

Wind carrier Eneti, which changed its name from Scorpio Bulkers in January, has acquired competitor Seajacks, with a fleet that will total five vessels that specialize in installing wind turbines. In addition, a sixth vessel is in the pipeline with a delivery date in 2024.

The acquisition is priced at USD 12 million cash and also involves the transfer of USD 299 million in expected net debt and USD 74 million in newly-issued redeemable notes. Once the transaction is complete, Eneti's shareholders will own 58 percent of Eneti, while Seajack's shareholders will own 42 percent.

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