PKRO is part of the POSH Kerry Renewables joint venture, a unique one-stop solutions provider for the offshore renewables sector that offers a comprehensive suite of services across the entire life cycle of offshore wind projects. The acquisition will add another two vessels to the group’s fleet, reinforcing its capacity to service the offshore wind farm market.
Due to the confidential details of the deal, the group did not disclose the value of the acquisition. However, the group will be funding this acquisition with internal resources.
Sean Lee, CEO of Marco Polo Marine says: “With Taiwan becoming one of Asia’s most prolific offshore wind markets, our acquisition of PKRO will further our ambitions to leverage on accelerating growth in the country’s offshore wind energy sector. We look forward to exciting times ahead as we continue to build on this strategy.”
Shares in Marco Polo closed at 2.6 cents on Jan 27.
