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
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.
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
113 of the 160 turbines destined for Gwynt y Mor, and all but 11
foundations, are now in place, says RWE.