Fred. Olsen: Fred. Olsen Ocean expands its footprint within the offshore wind service industry by investing in United Wind Logistics

Fred. Olsen Ocean Ltd. (FOO), a company wholly owned by Bonheur ASA, has today entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million. The ownership split in UWL will be FOO 50.0 %, United Shipping Group GmbH 37.5 % and CPLP Holding GmbH 12.5 %. UWL is a Hamburg (Germany) based company offering services within marine transportation of various offshore wind turbine components, such as blades, nacelles and towers from nearby manufacturing sites to pre-assembly ports closer to offshore