Through the buy-up, GeoSea will acquire jack-up units and work pontoons, including ownership of the Innovation heavy-lift wind turbine installation vessel, which recently installed the met mast for the 389MW West of Duddon Sands offshore wind farm in the Irish Sea.
"The company's focus has recently been shifted," says Hochtief chief executive Marcelino Fernández Verdes.
"GeoSea operates in various offshore segments and will use our resources and our know-how for further growth."
The
