Macquarie Asset Management, via its Macquarie European Infrastructure Fund 7, has agreed to acquire ZITON, an offshore wind operations and maintenance (O&M) business, from funds advised by Permira Credit and other existing shareholders. Financial terms were not disclosed.
Founded in Denmark in 2007, ZITON was one of the first companies in the offshore wind sector and is a top provider of offshore wind O&M services in Europe. The company owns and operates five jack-up vessels and has serviced 1,800 turbines at 80 different offshore wind farms in the North Sea.
ZITON offers a full-service solution, including maritime project planning and execution, lift planning and execution, specialist tools and lifting equipment and technical specialists.
The European offshore wind market, the largest in the world, continues to play a key role in securing the region’s energy security and transition. With the industry estimated to more than double by 2030 from 34 gigaw