Cowi has announced that it has acquired Norway-based offshore wind energy specialist Teknisk Data in order to strengthen its position in the offshore engineering market.
According to Cowi, offshore wind energy is undergoing rapid growth and advancement, both technologically and in terms of market size and the acquisition of Teknisk adds to the compnay’s competencies to benefit its clients.
“The acquisition of Teknisk is a very important strategic milestone for Cowi,” said Cowi senior vice president Thomas Dahlgren. “It is in line with our growth strategy which is focused on transportation, bridges and offshore wind energy. Together, Cowi will have a strong and highly competent team and can provide great value and expert knowledge to our customers and projects around the globe.”
Cowi and Teknisk have previously worked together on the large Bjørnafjord bridge, which is expected to be the world’s largest floating bridge.
Cowi has said that financial close on the acquisition is expected to be completed in January 2016.