"The sale is motivated by the fact that both Heerema and Wilh Wilhelmsen wish to focus on their respective core businesses," the sellers said.
"The deal is valued in excess of $700 million," the companies said.
The Heerema Group owned 76% of Dockwise, with Oslo-listed Norwegian shipping group Wilh Wilhelmsen holding the remaining 24% stake..
Dockwise has a fleet of vessels and provides heavy-lift transport for the marine and oil and gas industries.
"This
