Cyan Renewables has acquired marine services provider MMA Offshore, marking what the company calls the Asia Pacific region’s largest take-private deal in the offshore wind energy services industry.
Cyan plans to retain MMA’s workforce.
“The acquisition of MMA is a significant milestone for our future as a leader in the renewable energy space,” says Lee Keng Lin, CEO of Cyan Renewables.
“This move strengthens our position in the Asia-Pacific region and solidifies our leadership in the offshore wind industry and energy transition. This acquisition brings extensive maritime services expertise and a strong operational presence in key markets such as Australia and the broader APAC region.”
The acquisition was supported by a group of co-investors, including the Alberta Investment Management Corporation.
