Rystad Energy Advisory supported Acteon with vendor commercial due diligence for the €501 million sale of Menck to Cadeler. The analysis provided prospective buyers with an independent view of Menck’s market position and growth outlook, anchored in offshore wind and incorporating opportunities across offshore oil and gas and civil infrastructure.

Menck is a global leader in hydraulic pile-driving equipment and services, with its technology deployed in foundation installation across major offshore markets. The investment case required a detailed understanding of how the addressable market would evolve: the scale and timing of future installation activity, changing foundation requirements and the implications for demand across Menck’s equipment and service portfolio.

Drawing on proprietary project-level data and deep offshore market expertise, Rystad Energy developed a bottom-up outlook for foundation installation and associated equipment demand. The analysis covered offshore wind activity across key regions, the impact of evolving turbine and foundation specifications, and demand from offshore oil and gas and civil applications. Detailed assessment of the competitive landscape provided further perspective on Menck’s market position, capabilities and ability to capture future opportunities.

The resulting analysis translated a complex global project pipeline into a clear view of Menck’s addressable market, competitive standing and long-term commercial potential, providing a robust evidence base for the transaction process. Cadeler acquired Menck at an enterprise value of €501 million, adding a leading foundation installation equipment and services business to its offshore wind offering.