This week Worley acquired the UK-based 3sun Group a 250-strong Great Yarmouth-headquartered installation, inspection and maintenance specialist in offshore wind, in a £20m deal. The transaction will combine the companies’ complementary offshore capabilities, broadening Worley’s participation in the global energy transition.
On completion of the deal Worley will seek to offer a complete engineering, procurement, construction, operations and maintenance offering to the international offshore wind market.
3sun currently has a team of approximately 250 people serving a range of customers, predominantly across mainland Europe. The company is headquartered in Great Yarmouth, UK and will immediately join Worley’s Integrated Solutions business, which provides offshore operations and maintenance solutions.
Commenting on the deal, Eoghan Quinn, global offshore wind lead at Worley, said:
“We are delighted to have made this acquisition. Growing our offering through enhanced operations and maintenance (O&M) services has been a long-term aim and is a fundamental pillar of our expanding offshore wind capabilities. By adding 3sun’s skills and experience in offshore wind to our own existing global capabilities in the sector, we are ideally placed to continue our support to emerging markets such as Asia and the US, as well as continuing to add value in more mature markets like Europe. 3sun have established themselves as a proven and reputable service provider and, together, we have huge opportunities ahead of us.”
3sun CEO, Graham Hacon, added:
“In the coming months, we will explore how we can leverage Worley’s growing presence in offshore wind and start to identify areas where we can add further value to our customers as a result of the acquisition.”
The acquisition comes during a year of growth for Worley. In April, the company announced the $4.56 billion acquisition of Jacobs Energy, Chemicals and Resources division (Jacobs ECR), a move which has been many analysts as cementing Worley’s place as a global leader of integrated energy services.