Cadeler and Eneti join forces – Cadeler is now a global leader in offshore wind installation

Copenhagen, December 21, 2023: Following the business combination of Cadeler and Eneti, Cadeler is now a leading offshore wind installation company listed on the New York Stock Exchange and Oslo Stock Exchange. Today, Cadeler rang the bell at the New York Stock Exchange as one entity, marking the new listing and the completion of the combination of Eneti and Cadeler.

Following the business combination of Cadeler and Eneti, the combined group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in DK, UK, US, Taiwan, and Japan.

Cadeler will be able to handle the largest and most complex next-generation offshore wind installation projects, ensuring customers and partners have the strongest choice of flexibility and supply certainty.

Today, Cadeler rang the bell at the New York Stock Exchange as one entity, marking the new listing and the completion of the combination of Eneti and Cadeler.

Mr. Mikkel Gleerup, CEO of Cadeler, said: “This marks a historic moment for Cadeler and the entire offshore wind industry. We offer our partners and clients access to the strongest and most skilled team and the industry's largest, most flexible, most diverse, and modern fleet of windfarm installation vessels. We are committed to facilitating the world’s transition to a more sustainable planet built on renewable energy by being the key supplier in the development of offshore wind energy.”

The current CEO of Cadeler, Mikkel Gleerup, will continue as CEO after the combination, and Peter Brogaard Hansen will continue as CFO. Andreas Sohmen-Pao will continue as Chairman of the Board of Directors, and Emanuele Lauro, the current CEO of Eneti, will expectedly be nominated for election to the Board of Directors as Vice Chairman shortly after the completion of the offer.

About Cadeler
Cadeler is a key supplier with the offshore wind industry for installation services and operation and maintenance works that provides marine and engineering operations to the offshore wind industry with a strong focus on safety and the environment. Cadeler’s reputation as provider of high-quality offshore wind support services, combined with an innovative vessel design, positioning the company to deliver premium level services to the industry. As a company, Cadeler continues to pursue new levels of efficiency, pushing beyond the current boundaries of the supply chain. Cadeler enables and facilitates the global energy transition towards a future built on renewable energy. Cadeler is listed on the Oslo Stock Exchange (ticker CADLR) and the New York Stock Exchange (ticker: CDLR).

For further information, please contact:
Mikkel Gleerup
CEO
+45 3246 3102