- Published: 03 February 2016 03 February 2016
Global Marine Systems has announced the acquisition of a majority interest in CWind Limited. The purchase of CWind demonstrates Global Marine’s continued commitment to the offshore renewable sector and adds a diverse range of construction and O&M services to its current capabilities.
CWind has has to date supported the construction and operation of over 26 wind farms in the North Sea, Irish Sea and the Baltic Sea and operates a fleet of 18 vessels. In its last financial year finishing 30 September 2015, CWind had total annual revenues of GBP 26.0 million, Global Marine reported revenues of GBP 88.9 million during the same period.