Cadeler A/S (CDLR) Form 6-K — Aug 11, 2026
Cadeler A/S announced on 11 August 2026 the simultaneous signing and closing of its acquisition of Menck, a leading global provider of specialist equipment for offshore foundation installation, from UK-based Acteon at an agreed enterprise valuation of EUR 501 million. The transaction closed after receipt of all mandatory regulatory approvals and is expected to be accretive to Cadeler's EBITDA multiples on a fully delivered hydraulic hammer-on-order basis. The deal is financed through available liquidity plus a EUR 380 million acquisition facility from DNB Bank ASA and Coöperatieve Rabobank U.A., which Cadeler expects to refinance with long-term financing and operating cash flow.
Key figures
- Guidance
- Acquisition of Menck is expected to impact consolidated Cadeler group's 2026 revenue and EBITDA guidance; extent of impact under review with an update to follow.
- Debt Amount
- EUR 380 million (acquisition facility from DNB Bank ASA and Coöperatieve Rabobank U.A.)
- Deal Value Usd
- EUR 501 million (agreed enterprise valuation of Menck)
- Signing and closing
- completed simultaneously following receipt of all mandatory regulatory approvals
- Menck pile data points
- more than 50 million
- Menck operating history
- more than 150 years
- Hornsea3 hammer capacity
- 4,400 kJ impact hammer supplied by Menck
- Financing refinancing plan
- acquisition facility expected to be refinanced with long-term financing and cash flow from operations
- Next generation wind hammer launch
- early 2027
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