Integrated Wind Solutions AS (“IWS”) is pleased to announce the acquisition of 30% ownership in PEAK Wind Group ApS (“PEAK Wind”). PEAK Wind is a leading independent provider of operations and asset management advisory and services for offshore wind globally. In addition, PEAK Wind delivers consultancy services and data analytics to a broad spectre of renewables clients.
“We see an increased demand for independent operation and asset management services to offshore wind farms, and the position PEAK Wind has achieved since its inception in 2017 is impressive. We found this opportunity perfect to further accelerate our growth prospects in line with our strategy of offering a broad range of services to the renewable wind industry,” says Lars-Henrik Røren, CEO of Integrated Wind Solutions AS.
PEAK Wind is headquartered in Denmark and has a global footprint with offices and operations in Taiwan, USA, and Europe.
In 2021, PEAK Wind anticipates a turnover of about DKK 85-90 million and future growth is expected to exceed industry growth, estimated to be more than 20%-25% per year. Integrated Wind Solutions acquires 30% of PEAK Wind from the three co-founders of the company at a total price of DKK 90 million. The co-founders will retain 70% ownership. IWS will be represented with two out of five seats on the Board of Directors, while management and the organization remain unchanged. Closing of the transaction is expected within September 2021. Furthermore, IWS has an option to increase its ownership to 49% within three years at a pre-agreed fixed price from this initial transaction.
Michael Andersen, co-founder and CEO of PEAK Wind says: “Integrated Wind Solutions and PEAK Wind complement each other well, and by joining forces we will strengthen our combined platform for growth. Both companies share the same ambition to deliver best-in-class services to the renewable wind industry, and I am looking forward to get a professional partner onboard to join our future growth ambitions”.
For more information, please contact:
Lars-Henrik Røren, CEO
Phone: +47 98 22 85 06
About PEAK Wind:
PEAK Wind Group ApS is a global consultancy and asset management company, combining technical, financial, and commercial expertise to deliver best-in-class advisory, and Asset & Operations Management services to investors of renewable assets. With around 90 highly specialized employees from all parts of the renewables generation and power-to-x value chain, PEAK Wind has an extensive track record and in-depth experience especially within the offshore wind sector. This makes PEAK Wind one of the most experienced offshore and onshore wind Asset & Operations Management consultancies globally. PEAK Wind is present in key offshore wind markets and regions, including Denmark, Germany, Spain, UK, USA, and Taiwan, providing support and services to domestic and foreign developers worldwide. For more information, see company website: www.peak-wind.com.