GES acquires the service division of PowerWind, a Germany-based company engaged in the research and development, manufacturing, marketing, sale, installation, and service of wind turbines.
About the Target – PowerWind Service
PowerWind Service is a division of PowerWind Group, a global renewable energy company specializing in wind power generation. The service division offers a range of maintenance, repair, and consulting services to clients across the wind power industry.
About the Seller – PowerWind
PowerWind GmbH (“PowerWind”) is a Germany-based company that designs, manufactures, and installs wind turbines. Founded in 2007, the company specializes in the development and production of medium-sized onshore wind turbines with a capacity of 500 kW to 3.3 MW. PowerWind’s turbines are designed to be reliable, efficient, and low-maintenance, and are optimized for use in areas with moderate to high wind speeds. The company offers a range of services, including site assessment, project planning, and installation and commissioning of wind turbines.
About the Purchaser – GES
Global Energy Services S.A. (“GES”) is the global market leader in construction and services for the wind and solar industries with locations in over 20 countries. With a clear focus on constructing, operating, and maintaining wind farms and solar plants, GES boasts 20 subsidiaries across the globe and generated sales of approximately EUR 560m in the most recent fiscal year. The majority owners of GES are funds managed by 3i, a leading European private equity firm with assets under management exceeding EUR 12bn.