Norway's Fred Olsen Ocean (FOO) has spent €12m ($13.5m) to take a 50% ownership stake in German offshore wind components marine transportation company United Wind Logistics (UWL).
The deal expands FOO's footprint within the offshore wind service industry and its presence in the logistics and installation value chain for the sector, said parent company Bonheur.
Ownership in UWL will be consolidated by Bonheur within its Shipping/Offshore Wind business segment.
