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Davidson Kempner acquires Swire Energy Services to strengthen offshore presence

US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.

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Swire Energy Services, a global provider of integrated services and equipment for the energy industry, has announced a sale agreement with Davidson Kempner Capital Management LP. The US-based asset management group expects to finalise the acquisition in the third quarter of 2025, subject to customary regulatory approvals. Financial terms of the transaction have not been disclosed.

Founded in 1979 and headquartered in Aberdeen, Swire Energy Services (SES) operates a fleet of over 51,000 cargo-carrying units for offshore operations. The company specialises in technical containers and value-added services for offshore energy players. This infrastructure enables SES to meet the growing demand in the offshore oil and gas sector.

An established platform for energy services

The company has expanded by diversifying its services within the conventional energy sector while positioning itself in adjacent segments. Its business model relies on a technical offering designed to support operators with offshore logistics and maintenance. Davidson Kempner sees in this platform a stable and structured growth vehicle aligned with its strategy of investing in industrial infrastructure.

Backing for international expansion

Davidson Kempner Capital Management LP, which manages approximately $38bn in assets, aims to consolidate its energy sector portfolio through targeted acquisitions. With SES, the fund intends to accelerate the expansion of service offerings across other segments of the hydrocarbon value chain and into strategic geographic markets.

Manfred Vonlanthen, Chief Executive Officer of Swire Energy Services, said: “We remain committed to maintaining the standards of excellence we have built over the past forty years, including during this transition period to our new owner.”

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