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Cadeler Buys Foundation Installation Equipment Provider Menck in EUR501 Million Deal

MT Newswires·08/11/2026 08:31:56
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08:31 AM EDT, 08/11/2026 (MT Newswires) -- Cadeler (CADLR.OL) acquired offshore foundation installation equipment and technology provider Menck from Acteon for an enterprise value of 501 million euros. The offshore wind farm services company tapped a 380 million-euro acquisition facility provided by DNB Bank and Rabobank for the transaction, according to a Tuesday release. Based in Germany, Menck operates facilities in Singapore, the UK and Ireland. Following the acquisition, Cadeler intends to continue operating Menck as a standalone business.