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4 Oct 2018

Offshore engineering expert Overdick sells majority stake to Lahmeyer International

Overdick GmbH & Co. KG, a leading German offshore engineering company, was acquired by Lahmeyer International GmbH, an international engineering company and subsidiary of Tractebel Engineering. Overdick is a renowned engineering firm providing design and engineering services for the maritime and offshore energy industry. MCF advised Overdick’s shareholders on identifying a strategic partner and successfully executing the transaction.

"MCF has been a trusted partner throughout this journey and navigated us through all the complexities and challenges that come with such an M&A project.”

Andreas Rosponi

Managing Director of Overdick

The Deal

Tractebel is part of ENGIE and one of the world’s largest engineering consultancy companies with more than 150 years of experience. Through its German subsidiary Lahmeyer International it has acquired Overdick, a company specialised in offshore engineering, based in Hamburg, Germany. The acquisition is a perfect strategic fit for Tractebel to grow in the field of offshore wind and to reinforce its position as a leading consulting and engineering company in the energy transition.

The Target

Overdick GmbH & Co. KG is a renowned, Hamburg-based engineering firm providing design and engineering services for the maritime and offshore energy industry. The company was established in 2000 and maintains an additional office in Malaysia. Overdick is active in offshore oil & gas, offshore wind, naval architecture as well as wreck removal. Due to its innovativeness and experience, Overdick has been entrusted with high profile projects such as the removal of the Costa Concordia wreck off the coast of Giglio, Italy. Tractebel will benefit from Overdick’s deep know-how in detailed design, construction, transportation and installation of wind turbine and offshore high voltage substation (OHVS) foundations.

Client Statement

Andreas Rosponi, Managing Director of Overdick, said: “Overdick has been managed as a partnership of engineers for 18 years and we were looking for a strategic partner that suits our philosophy and would enable us to take the company’s development to the next level. Finding the right partner and selling a majority of the company has been an important decision for us, although not an easy one. MCF has been a trusted partner throughout this journey and navigated us through all the complexities and challenges that come with such an M&A project.”