Tractebel acquires Overdick

Tractebel announces the acquisition of Overdick, through its subsidiary Lahmeyer International.  Overdick is a company specialised in offshore engineering, based in Hamburg, Germany. This acquisition is a perfect strategic fit for Tractebel, one of the world’s largest engineering and consultancy companies and part of ENGIE, to grow in the field of offshore wind and to reinforce its position as a leading consulting and engineering company in the energy transition.

Founded in 2000, Overdick is one of the leading specialists in modern offshore engineering and design, maintenance and inspection services. The company offers a wide range of services within the areas of offshore wind, offshore oil and gas, naval architecture, marine operations, platform removals and salvage. Tractebel will benefit from Overdick’s deep know-how in detailed design, construction, transportation and installation of wind turbine and offshore high voltage substation (OHVS) foundations.

The design of the Heavy Lift Jack-Up Vessel INNOVATION, the execution of the overall design of most of the HVDC platforms in the German North Sea, and the design of the MOAB® self-installing platforms for worldwide wind farms and oil & gas production belong to the numerous projects references of Overdick. The engineering and site supervision of the COSTA CONCORDIA wreck removal project off the coast of Giglio in Italy was also entrusted to the innovative and experienced Overdick engineers.

As stressed by Olivier Biancarelli, CEO of Tractebel, “With the acquisition of Overdick as a strong and experienced company in detailed engineering, Tractebel will participate in the growing offshore wind market, which will reach an installed capacity of more than 100 GW in 2030.”  Lahmeyer CEO Martin Seeger complemented: "With Overdick, we have brought a traditional company with a high reputation into our company, with which we will continue to grow in the coming years."

Overdick’s Managing Director Andreas Rosponi: “We have intensively worked to realize this M&A project. Bringing in an independent offshore engineering firm like Overdick will be a great step forward for the growth potential of Tractebel and will offer to the clients a wider portfolio of services. The pool of skills has increased manifolds overnight and we are all looking forward to put it to work together.”

The signature of the share purchase agreement for the acquisition was celebrated last Friday. The closing of the transaction will take place end of September 2018 following customary closing conditions and regular approvals.

Some Overdick Referencies

HVDC station projects for TenneT, German North Sea: Overdick has been involved in nearly all HVDC station projects with dedicated and tailor made engineering concepts. (in the pic.: BorWin1, ABB, Heerema, BorWin2, Siemens, Nordick Yards)

Dolwin Gamma HVDC Platform during the installation of the topsides: Dolwin Gamma is located 60 nautical miles north of the island of Borkum in the German EEZ of the North Sea. (GE, Nordic Yards)

KLU Gas Platform project, Alaska. T&I Engineering and Supervision. (Deutsche Oil & Gas AG)

Removal concept, hydromechanics, structural integrity for the removal of the Costa Concordia, Giglio Italy (Titan Salvage LLC).

Overdick designed HLJV is a North Sea jack-up vessel specified to year-round operations up to 50 m water depth with facilities to serve the offshore wind energy sector. The unit is one of the largest heavy lift jack-up vessels in the world.

Lekas LNG Import Terminal: Malaysia’s first LNG regasification import terminal has been developed with the help and experience of Overdick who has engineered all the transport and installation work including heavy lifts, seafastening, barge moves, etc. for the 23 jackets, topsides and bridges.