Have you got what
it takes?
See the class
of 2010!
it takes?
See the class
of 2010!
The business
Name: Blair Ainslie -
Seajacks
Location: Gorleston
Sector: Energy
Turnover: $100m (£63.8m)
Staff: 25 onshore, 75 offshore + 6 in Middle East
Website:
www.seajacks.com
Seajacks
Location: Gorleston
Sector: Energy
Turnover: $100m (£63.8m)
Staff: 25 onshore, 75 offshore + 6 in Middle East
Website:
www.seajacks.com
Blair Ainslie -
Seajacks
Specially designed ships enabling wind turbines to be erected at sea have delivered rapid growth at Seajacks.
And that story is set to continue following an investment of $150m (£95.6m) in the company’s third vessel, Zaratan, confirmed earlier this year.
Zaratan, being built by Lamprell Energy, is twice the capacity of Seajacks’ existing vessels, Leviathan and Kraken, with accommodation for 90 people, and will be capable of installing wind turbines in water up to 55m deep. The boats can lift themselves from the water on four legs to the height needed to act as maintenance and construction platforms for the offshore oil and gas and renewable industries.
The new vessel, due to be completed in 2012, will operate in the harsh North Sea environment, where thousands of wind turbines are planned.
Another landmark in Seajacks’ history came this year when it was acquired by a private equity fund. Blair Ainslie, managing director, said: “The main highlights for us in the past year were that we were bought out by Riverstone private equity fund, headed in London by Lord Browne, ex-BP chairman. The company paid $207m (£132m) and allocated an additional $93m (£59.3m) for expansion. We have also finalised the contract on the Zaratan.”
Turnover has risen about 11pc to $100m (£63.8m), he added.
The company was founded in 2006 by Mr Ainslie and Norwegian investors, and has secured major contracts in the North Sea and Irish Sea, including installing turbines off the Suffolk and Essex coasts for the Greater Gabbard wind farm.
Specially designed ships enabling wind turbines to be erected at sea have delivered rapid growth at Seajacks.
And that story is set to continue following an investment of $150m (£95.6m) in the company’s third vessel, Zaratan, confirmed earlier this year.
Zaratan, being built by Lamprell Energy, is twice the capacity of Seajacks’ existing vessels, Leviathan and Kraken, with accommodation for 90 people, and will be capable of installing wind turbines in water up to 55m deep. The boats can lift themselves from the water on four legs to the height needed to act as maintenance and construction platforms for the offshore oil and gas and renewable industries.
The new vessel, due to be completed in 2012, will operate in the harsh North Sea environment, where thousands of wind turbines are planned.
Another landmark in Seajacks’ history came this year when it was acquired by a private equity fund. Blair Ainslie, managing director, said: “The main highlights for us in the past year were that we were bought out by Riverstone private equity fund, headed in London by Lord Browne, ex-BP chairman. The company paid $207m (£132m) and allocated an additional $93m (£59.3m) for expansion. We have also finalised the contract on the Zaratan.”
Turnover has risen about 11pc to $100m (£63.8m), he added.
The company was founded in 2006 by Mr Ainslie and Norwegian investors, and has secured major contracts in the North Sea and Irish Sea, including installing turbines off the Suffolk and Essex coasts for the Greater Gabbard wind farm.