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 end-to-end subsea services provider. With a fleet of 14 multipurpose vessels and a range of in-house systems and equipment, N-Sea delivers smart, fit-for-purpose solutions for subsea infrastructure projects in every stage of the offshore asset life cycle for customers in the international offshore energy industry. Our bespoke solutions focus on specific subsea capabilities, such as survey, UXO ID & clearance, cable repair & installation, or IRM, construction & decommissioning.
With the support of an experienced, multidiscipline offshore operations team, we integrate these bespoke capabilities into a single project, delivering a smart, fit-for-purpose, safe and sustainable solution that improves the efficiency of subsea projects and reduces projects risks for our customers.
N-Sea Group is a privately owned company headquartered in the Netherlands, with more than 500 people working offshore and onshore, onboard vessels and in facilities across Europe and the Middle East, and a revenue of more than €200M in 2025.
N-Sea. Smart Subsea Solutions.
Media contact
Danielle Biermans
Marketing Communication Manager
T +31 (0)111 456 000
E d.biermans@n-sea.com
