Ballast Nedam Sells Offshore Wind Maintenance Contracts to Deutsche Windtechnik BV

NIEUWEGEIN, The Netherlands, February 25, 2016 /PRNewswire/ --

Ballast Nedam has sold its current portfolio of 4 offshore wind inspection and maintenance contracts to Deutsche Windtechnik BV. The transaction also includes two staff members involved and is effective from January 1, 2016. It allows further growth for the team and the business, in an environment which is exclusively oriented at the wind industry.

The sale involves 5-year inspection and maintenance contracts for the following projects:

• Eneco Luchterduinen, a 129 MW offshore wind farm owned by Eneco and Mitsubishi Corporation;
• Prinses Amaliawindpark, a 120 MW offshore wind farm operational since 2007, and under the care of Ballast Nedam since 2009. It is owned by Eneco;
• Butendiek, a 288 MW offshore wind farm near the Danish border in the German North Sea, owned by a group of international investors;
• Westermeerwind, a 144 MW offshore wind farm, which is currently being built between Lemmer and Urk in the IJsselmeer. Siemens Nederland is the EPCM contractor for the wind farm and operates it on behalf of the owners.

This transfer of offshore energy maintenance contracts is in line with Ballast Nedam's strategy to focus its activities on the working areas of housing and mobility, following the sale of its offshore activities at the end of 2014.

Deutsche Windtechnik BV is the Dutch subsidiary of Deutsche Windtechnik, one of the largest German and European independent service providers for the wind industry. Almost 800 employees take care of almost 3000 wind turbines in Germany and across Europe. Deutsche Windtechnik began providing its services in the offshore segment eight years ago. Service teams from the offshore units are currently working at 4 offshore wind farms.

Ballast Nedam targets its strategic focus at successfully acquiring and carrying out integrated projects in the working areas of housing and mobility in the Netherlands and internationally. Ballast Nedam also works on projects where it can make a difference for the client with its expert knowledge and skills. Ballast Nedam applies a differentiated market approach for its three divisions.

With further industrialization of the building process through the use of innovative modular concepts and standardization Ballast Nedam creates enduring quality at the lowest possible life cycle costs for its clients and society. The Ballast Nedam Depositary Receipt is included in the Amsterdam Small Cap Index (AScX) of Euronext. (http://www.ballast-nedam.com )

PRN NLD