Venterra to acquire vibro-piling market leader, CAPE Holland, to enhance foundations offering

Date: 2023-08-01

Venterra Group Plc, the offshore wind energy services business, today announces its agreement to acquire CAPE Holland, the market leader in offshore vibro-piling, an innovative method to install and remove ever larger monopile foundations that support increasing turbine sizes in offshore wind farms. The acquisition is expected to complete in the next several weeks.

Headquartered in Beilen, The Netherlands, CAPE Holland was founded in 2002 by the father of the present Chief Executive Officer, Laurens de Neef. CAPE Holland developed their unique Vibro Lifting Tools to handle and drive piled foundations into the seafloor bringing distinct advantages over traditional installation methods. Its specialist equipment speeds up installation using less vessel time, uniquely protects against ‘pile runs’ and responds to environmental needs by creating less noise on the sea’s surface and within the water column. The company employs over 60 people, and its fleet of Vibro Lifting Tools is deployed worldwide on behalf of developers and tier one contractors. Previously, in 2019 CAPE Holland welcomed a strategic investment of Cape Investment Partners enabling the company to enter into the next growth era.

Venterra was formed to create a global services champion supporting the offshore wind industry’s rapid expansion and leading role in the energy transition. It is building a service offering across the wind farm lifecycle comprising Engineer, Build and Support services through a combination of acquisition and organic development to generate accelerated growth in the fast-expanding market.

Rob Jewkes, Venterra’s Chief Executive Officer, said;

"Laurens and his team pioneered the use of the proven vibro hammer technology from onshore applications to offshore wind. They have built a very successful business with a highly differentiated offering as the demand for ever larger turbine foundations accelerates.

CAPE Holland fits in our Build phase group of companies and complements our foundations offering with FoundOcean, Balltec and Osbit. Developers need ways to reduce project risk, cost and time, and Venterra is putting together a streamlined set of related services to deliver a joined up supply chain capable of meeting the urgent and growing demand."

Laurens de Neef, Chief Executive of CAPE Holland, said;

‘We are proud of the innovation that has driven our growth in offshore wind. Joining Venterra will enable continued investment in foundation installation in deeper waters and the ability to support larger turbines up to 18-20 MW.

We share Venterra’s vision to create a sustainable supply chain and help the industry innovate at the pace needed to meet the needs of developers and our tier one clients. Venterra’s footprint in the United States and APAC as well as Europe fits our own expansion plans as we deploy expertise gained from European wind farms across the global market.’

Cape Investment Partners said:

"Under the Cape Investment Partners (CIP) ownership period, CAPE Holland has been on an impressive expansion trajectory, growing revenues many fold and building a strong portfolio of projects and technologies in the renewable energy space. CIP is proud to have been able to support this process during recent years."