BW Group and Scorpio Group’s merger of their wind farm vessel companies should produce savings of €106m ($116m) per year.
The shipping group announced an all-share combination of Cadeler and Eneti worth $1.2bn on Friday.
“Significant” annual synergies will consist of corporate and financing savings of €18m, operational synergies of €37m and another €51m through improved utilisation of the combined fleets, the two sides said.
