Havfram

What Havfram does

Havfram is a Norwegian offshore wind infrastructure company that develops and operates next-generation Wind Turbine Installation Vessels (WTIVs) for turbine and monopile foundation installation at large-scale offshore wind farms. The company's core product is a two-vessel fleet — Norse Wind and Norse Energi — designed by GustoMSC and built by CIMC Raffles Shipyard in China. Each vessel carries a 3,200-tonne main crane and is engineered to install turbines with rotor diameters exceeding 300 meters and XXL monopile foundations up to 3,000 tonnes in water depths of 70 meters, with emissions reduced by over 70% per installed megawatt compared to earlier-generation installation vessels. The vessels serve European offshore wind developers under long-term contracts with a combined orderbook of approximately €600 million supporting installation work through 2030.

The company was backed by institutional investors Sandbrook Capital and PSP Investments prior to its acquisition by Belgian marine contractor DEME Group (Euronext Brussels: DEME) in April 2025 for approximately €900 million — a transaction that encompassed both the Havfram Wind Holdco AS entity and remaining capital expenditures to complete the two vessels. Following the acquisition, Havfram operates as a wholly-owned subsidiary within DEME's Offshore Energy segment; DEME itself reported full-year 2025 group revenue of €4.20 billion. Norse Wind was delivered in October 2025 and Norse Energi in January 2026, transitioning Havfram from a vessel-construction program into an active installation services operator under its parent's broader marine engineering platform.

Havfram makes money primarily through long-term offshore wind installation services contracts — project-anchor, multi-year framework agreements with large European wind farm developers — rather than through vessel sale or charter. Its customer base is concentrated among a small number of large offshore wind project owners across Northern and Western Europe (Norway, Germany, Belgium, the United Kingdom), and revenue is realized as both vessels enter operational service and execute backlogged installation campaigns.

Name

Havfram

Legal name

Havfram Wind Holdco AS

Website

https://havfram.com

Company type

Private

Founded year

2023

Operating status

Acquired

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Offshore Wind Installation Services

NAICS

Ship Building and Repairing (336611), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

akta.pro primary industry

Wind Turbine Installation & Commissioning (Cranes, Vessels, Jack-ups) (EUAMACAG)

akta.pro secondary industry

Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE)

Keywords

• Offshore wind installation
• Wind turbine vessels
• Marine infrastructure services
• Offshore foundation installation
• Wind farm construction

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Supply Chain, Operations

Core offering

Havfram provides specialized offshore wind turbine and foundation installation services for large-scale offshore wind farms. The company operates two next-generation Wind Turbine Installation Vessels (WTIVs)—Norse Wind and Norse Energi—each equipped with a 3,200-tonne main crane capable of installing turbines with rotor diameters exceeding 300 meters and XXL monopile foundations up to 3,000 tonnes in water depths of 70 meters. Services are delivered under long-term contracts with European offshore wind developers through 2030.

Product overview

Havfram is a Norwegian offshore wind infrastructure company that was acquired by DEME Group in April 2025 for approximately €900 million. The company specializes in offshore wind turbine and foundation installation services, operating a fleet of next-generation Wind Turbine Installation Vessels (WTIVs). The product portfolio consists of two state-of-the-art sister vessels—Norse Wind (delivered October 2025) and Norse Energi (delivered January 2026)—both designed by GustoMSC and built by CIMC Raffles. These vessels represent the next generation of offshore installation capability, capable of handling turbines with rotor diameters exceeding 300 meters and XXL monopiles up to 3,000 tonnes in water depths of 70 meters.

Differentiator

Problem solved

Functional benefit

Products and services

• Norse Wind Next-generation wind turbine installation vessel (WTIV) equipped with a 3,200-tonne main crane capable of installing turbines exceeding 300m in rotor diameter and monopile foundations up to 3,000 tonnes. Capable of operating in water depths up to 70 meters.
• Norse Energi Sister vessel to Norse Wind, a next-generation wind turbine installation vessel (WTIV) engineered to install turbines with rotor diameters measuring over 300 meters and XXL monopiles weighing up to 3,000 tons, even in water depths of 70 meters.
• Offshore Wind Installation Services Specialized offshore wind infrastructure services including turbine and foundation installations for large-scale offshore wind farms, delivered using next-generation WTIVs under long-term contracts running through 2030.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• DEME GroupcoreStrategic or Co-development Partner · 1 April 2025DEME acquired Havfram in April 2025 for approximately €900 million. The acquisition integrated Havfram into DEME's Offshore Energy segment, bringing two next-generation wind turbine installation vessels (Norse Wind and Norse Energi) to DEME's fleet and bolstering its competitive edge in turbine and foundation installations.

Recent moves5 records

Broad incumbents

• Saipem: Italian offshore engineering and construction incumbent with heavy-lift and crane vessel capabilities used for offshore wind installation alongside its oil and gas EPCI core. Saipem is a broad incumbent that overlaps with Havfram's WTIV-based installation services within a larger portfolio.
• McDermott International: Offshore engineering, procurement, construction and installation contractor serving oil and gas with growing offshore wind capability. McDermott is a broader incumbent whose heavy-lift vessel fleet and EPCI capabilities are comparable to aspects of Havfram's installation services offering.
• Heerema Marine Contractors: Dutch offshore heavy-lift and construction company operating semi-submersible crane vessels used for offshore wind foundation and substation installation. Heerema is a broader incumbent that competes with Havfram/DEME on the heavy-lift portion of European offshore wind projects.
• Subsea 7: Global offshore installation contractor with a dedicated offshore wind unit (Seaway 7) operating cable-lay and installation vessels. Subsea 7 is a broad incumbent that overlaps with Havfram in offshore wind installation services, particularly cable and foundation scopes.
• Royal Boskalis Westminster: Dutch marine services giant with a growing offshore wind installation franchise alongside its dredging and marine transport core. Boskalis is a broad incumbent that competes with Havfram/DEME across European offshore wind EPCI scopes.

Direct peers

• Jan De Nul: Belgian marine contractor operating next-generation WTIVs Voltaire and Les Alizés, with similar crane capacity and capability for XXL monopile and turbine installation. Jan De Nul competes head-to-head with Havfram/DEME for large European offshore wind installation contracts.
• Van Oord: Dutch marine contractor with offshore wind installation capabilities (including the MPI Resolution and upcoming newbuild WTIVs). Van Oord competes with Havfram on turbine and foundation installation tenders across European offshore wind markets.
• Cadeler: Danish WTIV operator (formed via merger with Eneti in 2023) and the closest pure-play peer to Havfram. Cadeler operates a fleet of next-generation wind turbine installation vessels and competes directly for the same European offshore wind installation tenders targeting XXL turbines and monopiles.
• Penta-Ocean Construction: Japanese marine and offshore contractor that has expanded into offshore wind foundation and turbine installation in Europe and Asia. Penta-Ocean operates CPT-i series vessels and competes with Havfram in the offshore wind installation services market.
• Swire Blue Ocean: Operator of the Pacific Orca and Pacific Osprey WTIVs, one of the first purpose-built wind turbine installation vessels. Swire Blue Ocean directly competes in the same European WTIV market and is a comparable asset-heavy installation services peer to Havfram.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/havfram

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Havfram