A2SEA takes control at CT Offshore
A2SEA will assume operational control of CT Offshore, as part of a shake-up that sees chief executive Frank Hansen resigning less than a year after taking the helm at the Danish subsea cabling specialist.
CT Offshore employees were informed on 20 January that Hansen is leaving the company.
"As a natural consequence" of that change, A2SEA claims, CT Offshore will “enter into the management structure of A2SEA”.
Hansen has “found new opportunities outside CT Offshore”, the company said in a statement.
A2SEA – itself owned by Dong and Siemens Wind Power – bought a minority stake in CT Offshore in 2011, before raising its stake to 67% two years ago.
“There is a large synergy between CT Offshore and A2SEA and we are working closely together already,” explains A2SEA chief executive Jens Frederik Hansen.
The new structure will allow for “the optimal use of resources and ... knowledge sharing between the two companies”, he adds.
In May 2013 Frank Hansen, formerly an executive at MAN Diesel, took the reins at CT offshore from founder Paw Cortes, effectively ushering in a new era under A2SEA’s stewardship.
Separately, CT Offshore has announced a new order covering the laying, installation and burial of roughly 40% of the inter-array cables at RWE’s Gwynt y Mor offshore wind project in the Irish Sea. Siemens holds a minority stake in the project.
CT Offshore will handle the cable-laying and installation in-house, but will subcontract the burial to Fugro Subsea Services Limited, which will bring in its Q1400 trencher to handle the job.
113 of the 160 turbines destined for Gwynt y Mor, and all but 11 foundations, are now in place, says RWE.