Allen & Overy advises GeoSea on the acquisition of all offshore assets from HOCHTIEF
GeoSea, a subsidiary of DEME Group specialising in complex offshore marine construction projects, is acquiring all of HOCHTIEF's offshore assets. The company, which has been operating successfully in the fields of dredging, offshore and marine construction for decades, is acquiring all construction vessels and pontons from HOCHTIEF, including the heavy-lift jack-up vessel Innovation, one of the largest construction vessels in the offshore industry. Moreover, GeoSea offers to continue to employ HOCHTIEF staff.