Effective April 4, 2025, Rabobank will serve as the new principal bank for N-Sea Group, handling all payment transactions across the company, including its subsidiaries and affiliated entities.
Beyond transaction management, Rabobank is also providing a refinancing package that supports N-Sea’s ambitious growth trajectory. Since 2021, the company has expanded from €30 million to €200 million in revenue, maintaining strong EBITDA levels. Looking ahead, N-Sea aims to triple its turnover over the next four years, with Rabobank’s financial backing playing a crucial role in realising this ambition.
N-Sea’s choice of Rabobank was influenced not only by financial considerations but also by the bank’s integrity, hands-on approach, and deep expertise in the maritime sector—key factors that shaped the decision-making process.
Ann Porte, CFO of N-Sea Group, shared her enthusiasm for the partnership:
“We are delighted with this agreement and the opportunities it presents. N-Sea has experienced substantial growth in recent years and needs strong banking support for future expansion. Partnering with Rabobank simplifies and enhances transparency in this process. Their commitment to our strategy and growth ambitions makes this collaboration truly unique. We look forward to a successful and long-term partnership.”
Sander ter Haar, Sr. Relationship Manager Rabobank Corporate Clients, shared his thoughts on the refinancing:
“We have closely followed N-Sea over the past years and have been impressed by the quality of its management and how the company has developed and grown their business over the years. The crucial role N-Sea plays in the offshore energy & renewables markets positions the company within Rabobank’s key ambitions of Banking for Energy Transition and Banking for the Netherlands. We are proud to commit ourselves to our future partnership”
About N-Sea
N-Sea is an integrated total subsea solutions provider in Survey, UXO ID & Disposal, IRM & Construction, and Subsea Cable Repair & Installation. We deliver total solutions for subsea infrastructures and assets that meet the needs of our clients and the international offshore Energy industries, considering a safe (working) environment. We create substantial value through managing and reducing complex interfaces, solid project management & -support and full client focus and awareness. N-Sea Group is a privately owned company headquartered in The Netherlands with decades of experience, over 500 people employed, operating in EMEA region with a revenue of € 200 million in 2024.
At N-Sea WE LISTEN THEN DELIVER
www.n-sea.com
For further information
Danielle Biermans (PR & Communications Advisor)
Mobile: +31 (0)6 4897 6980
E-mail: d.biermans@n-sea.com
The N-Sea group includes the entities N-Sea Offshore B.V., N-Sea Offshore Wind B.V., and UXO Control B.V.
N-Sea Headquarters is located in The Netherlands. N-Sea offices are geographically favorable located to benefit key clients on their operations.
