VSMC (Visser & Smit Marine Contracting) is now VBMS. This name change is a result of the strategic joint venture between VolkerWessels and Boskalis, which was formalized in 2013. VBMS is inspired by the initialization of VolkerWessels Boskalis Marine Solutions. Besides introducing a new name, VBMS is also rolling out a new logo and corporate identity (see www.vbms.com).
VolkerWessels launched the subsea power cable installation company in 2007, shortly after which it enjoyed a marked increase in productivity as a result of being contracted for major projects such as London Array, Walney and Ormonde. In 2013, Boskalis acquired a 50% stake in the company VBMS. VBMS has now become the market leader in total solutions for subsea power cable installation. VBMS also provides Balance of Plant maintenance for the renewables market, umbilical/flowline installation for the Oil & Gas sector and installation solutions for interconnectors.
For more information about VBMS, please visit www.vbms.com.
For IR matters contact our Director of Investor Relations & Corporate Communications.
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