Finnish company Enersense International on Tuesday signed an agreement to sell its subsidiary Enersense Offshore Oy, which constitutes the company’s Marine and Offshore Unit, to Canadian shipbuilding company Davie, said Enersense in a press release.
The Marine and Offshore Unit’s operations are located in a shipyard in Mäntyluoto, Pori.
Davie is part of Inocea Group – a shipbuilding group with operations in Finland and Canada, including the Helsinki Shipyard.
The purchase price is about EUR 7.5 million, of which EUR 5 million will be paid at the completion of the transaction and EUR 2.5 million six months later.
The transaction is expected to be completed during the third quarter of 2025.
The sale has no impact on Enersense’s guidance for 2025, which is given for the company’s core business.
In 2024, the Marine and Offshore Unit’s revenue was EUR 70 million and impact on the Group EBITDA EUR minus 3,8 million. The Unit has approximately 100 employees.
With the agreed sale, Enersense completes the last one of the three strategic assessments initiated as part of the company’s new strategic direction in June 2024.
In February, Enersense sold its wind and solar power project development business to Fortum and decided to ramp down its zero-emission transport solutions business.
“We are delighted that, after patiently conducting the strategic assessment over the past year, we have found the best possible home for the Marine and Offshore Unit. After the sale, Enersense is aligned with its strategic direction set in summer 2024. We have sold our non-core businesses and started to implement our updated core business strategy, targeting to become a trusted lifecycle partner for our customers in Power, Energy Transition and Connectivity,” said Enersense’s Chief Executive Officer Kari Sundbäck.
“This deal will reinforce our own competitiveness and Finnish shipbuilding as a whole by securing the supply of steel for many critical projects. Most importantly, we are securing the future of a highly skilled workforce and delivering more stability for customers and partners,” said Davie’s Chief Executive Officer James Davies.
- Enersense
- Sells
- Shipyard
- Pori
Source: www.dailyfinland.fi
