Singapore's Cyan Renewables acquires Australian MMA Offshore for A$1.1bn in Asia Pacific's largest offshore wind take-private deal.
Singapore's Cyan Renewables, a firm specializing in operating vessels for offshore wind farms, plans to acquire Australian counterpart MMA Offshore for A$1.1bn ($726m) in the largest take-private deal in the Asia Pacific region's offshore wind sector. This acquisition is expected to boost Cyan's presence in the market and expand operations. MMA's workforce will be retained, and its operating model will aid penetration into the global offshore wind support services market.
July 25, 2024
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