Worley has announced the acquisition of 3sun Group (3sun), the UK-based installation, inspection and maintenance specialists in the offshore wind sector.
The transaction will combine the companies’ complementary offshore capabilities to bring a complete engineering, procurement, construction, operations and maintenance offering to the global offshore wind market.
In doing so it will further strengthen Worley’s strategic presence in the sector and broaden its role in the energy transition.
3sun has an existing team of approximately 250 people serving a range of customers, mainly across 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.
Eoghan Quinn, global offshore wind lead, 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.”
Worley CEO, Andrew Wood, said: “We are excited by the opportunities that are presented by the 3sun acquisition. We are pleased to enter into the UK and European offshore wind energy markets via one of the leading providers of O&M services. We believe that the combination of Worley’s international platform and 3sun’s expertise will provide a catalyst for us to grow a global O&M business in the offshore wind market. This acquisition demonstrates Worley’s commitment to the renewables sector in the energy transition.”
3sun CEO, Graham Hacon, added: “We are delighted to join Worley as it sets the industry pace for high-quality services in the sector. Our combined expertise promises to offer the offshore wind industry an integrated offering on a global scale, which is hugely exciting for all of us.
“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.”
Worley plans to enhance this new offering by embedding its data analytics capability -through its Advisian Digital business. This will enable the optimisation of both maintenance and operations, improving financial outcomes from both new and existing assets. Future plans include embedding digital tools designed to integrate offshore wind energy into the grid as the energy transition progresses.
This acquisition comes during a year of significant growth for Worley. The company also announced the $4.56 bn acquisition of Jacobs Energy, Chemicals and Resources division (Jacobs ECR) in April, a move viewed as a strategic milestone in cementing its place as a global leader of integrated energy services.
