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Eiffage acquires offshore energy specialist to expand renewable energy capabilities
01 April 2025
France-based Eiffage, through its Belgium subsidiary Smulders, signed an agreement to acquire 100% of HSM Offshore Energy, a Netherlands engineering and construction company specialising in offshore energy infrastructure builds.
An AI render showing the integration of carbon capture systems in a marine environment. (Image: Adobe Stock)
No financial details of the deal were disclosed, and the transaction is subject to regulatory approval.
Purchasing firm Smulders specialises in large and complex steel construction projects including the engineering and construction of transition pieces, jackets and high voltage substations structures.
HSM Offshore Energy delivers turnkey EPCIC (engineering, procurement, construction, installation, and commissioning) solutions, including mechanical and electrical systems for offshore platforms. It is also active in emerging markets like carbon capture and storage (CCS) and offshore hydrogen production. The company employs around 140 people and generates annual revenues approaching 鈧�300 million (US$324 million)
Smulders and HSM Offshore Energy have previously collaborated on major offshore wind projects, including Princess Elisabeth Island, the 鈧�3.6 billion artificial isle and energy hub currently under construction in the Belgian North Sea. Reported last year by Construction Briefing, the two companies were jointly responsible for designing, fabricating and commissioning four high-voltage substations that will connect multiple offshore wind farms to the mainland grid.
Eiffage said the acquisition will enhance its ability to deliver large-scale offshore energy projects and expands its presence in the growing European renewable energy sector.
The contractor added, 鈥淗SM Offshore Energy and Smulders are strongly complementarity across the EPCIC value chain to provide topsides for offshore wind farms and new emerging markets. The parties frequently cooperate as offshore projects increase in size. The combination of the two companies will strengthen their efficiency and their capacity to deliver large offshore projects for the benefit of customers in a broader addressable market.鈥�
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