• Centurion
• 19/12/2023

CENTURION MAKES MAJOR MOVE TO OFFSHORE WIND WITH NEW ACQUISITION

Centurion Group (“Centurion” or “the Group”), a global leader in the supply of specialist rental equipment and services to critical industries, is pleased to announce the acquisition of H2M Offshore Accommodations (“H2M”).

Based in the Netherlands, with a location in Denmark, H2M is a global supplier of high-quality offshore accommodation and workspace modules to the offshore wind sector on a rental and sales basis. H2M’s products are designed for ease of deployment and deliver substantial reductions in weight without any compromise to structural strength, to limit load on platforms whilst providing maximum comfort and security in challenging offshore environments.

H2M joins a strong and competitively placed global Group with diverse capabilities, scale and expertise, boasting 93 bases in 13 countries and more than 3,000 employees around the world. As part of its drive to further establish itself as a leader in the global energy, infrastructure, power, mineral resourcing, food and drink and health industries in which it serves, Centurion has successfully completed five strategic acquisitions in 2023, increasing Group statutory forecast Revenue and EBITDA for 2023 by ~$25m and ~$10m to ~$745m and ~$146m respectively

Fernando Assing, CEO of Centurion Group, commented:

“This is an exciting and highly transformational acquisition for Centurion. H2M’s product offering is complementary to our Accommodation & Modular business line, allowing us to better serve our customers with an expanded and diverse range of premium modular solutions. Critically, this acquisition aligns with our ambition to grow our presence in the European renewable energy sector, with H2M having a long and established track record within Europe’s offshore wind projects. On behalf of Centurion, I welcome the entire H2M team to the Group and look forward to the future successes we will share.”

Edwin van Zuijlen, Managing Director of H2M, added:

“H2M is pleased to now be part of Centurion. Joining a global group like Centurion with access to capital will allow us to grow our rental fleet and infrastructure to serve our existing customers with a broader range accommodation & modular solutions, and enable us to grow in line with our strategic ambitions. Our entire team is delighted to be embarking on this next chapter and the opportunities that being part of Centurion will bring.”

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Enquiries:

Teneo

Martin Robinson / Nina Chatrath / George Croton

+44 (0) 207 353 4200 / centurion@teneo.com

About Centurion Group

Centurion is a global leader in the supply of critical services to the oil & gas, infrastructure, power, environmental and renewable energy industries. It combines the scale and the breadth of offerings in five main regions: the US, Canada, UK, Europe & Caspian, Middle East & North Africa, and Asia Pacific, with strong local presence in key energy markets to deliver value to customers around the world. For more information, please visit www.centuriongroup.co.uk