Balmoral Offshore News

Balmoral escalates renewables ambition with Norwegian acquisition

Seaproof’s Henrik Bang-Andreasen with Bill Main of Balmoral Group Seaproof’s Henrik Bang-Andreasen with Bill Main of Balmoral Group

Balmoral Offshore Engineering has acquired Norwegian manufacturer, Seaproof Solutions, to accelerate its expansion into the offshore renewables market. Established in 1989 Bergen-based Seaproof designs and manufactures advanced cable protection systems, bend stiffeners and flexible J-tubes.

The move is seen by both companies as a strategic development built on the strengths of the constituent parts. Seaproof holds a market leading position for elastomer products while Balmoral enjoys a reputation for materials innovation and product development. It is believed the move will strengthen the UK’s position as a major content provider for the offshore wind sector in particular.

Balmoral will retain the current management team and workforce totalling some 37 people at the Seaproof plant. The company will continue trading and manufacturing under that name as a division of Balmoral.

Bill Main, financial director at Balmoral, said: “This timely acquisition will help our drive into the developing renewables sector. The combination of Balmoral’s innovation and processing expertise with Seaproof’s considerable market presence presents a compelling offering.”

Henrik Bang-Andreasen, founder and CEO of Seaproof, said: “We look forward to harnessing Balmoral’s undoubted engineering expertise and experience. The company’s track record is second to none and that will bring immediate benefits to Seaproof’s existing client base.

“The move opens up significant potential in the UK market for Seaproof, something we are very keen to develop. Both organisations see substantial opportunities for growth in the future.”

Balmoral chairman and managing director, Jim Milne, added: “We have a natural entrepreneurial spirit within the company and are always seeking opportunities. I am confident this platform will open new doors for us and we are excited at the prospect of working with the Seaproof team.”

RiSE issue 4

RiSE issue 4

RiSE issue 3

RiSE issue 3

RiSE issue 2

RiSE issue 2

RiSE issue 2

RiSE issue 1

Balmoral Group

©2019 Balmoral Group Holdings Ltd

Search