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Wind Power LAB

Wind Power LAB merges with global market leader

 

Case

Wind Power LAB merges with global market leader

Danish Wind Power LAB merges with GEV Wind Power, one of the world’s largest wind turbine blade repair and maintenance providers. GEV Wind Power is controlled by Goldman Sachs and Bridges Management. The existing management and the owners of Wind Power LAB will be minority shareholders in the future.

GEV Wind Power’s customers are wind turbine manufacturers and wind farm operators in the UK, Europe and the US.

Wind Power LAB is a leading provider of technology-based solutions for wind farm owners. Wind Power LAB’s solutions are used to identify blade defects and provide data-driven repair recommendations.

The merger will create the only independent service provider on the market capable of providing services to the entire wind turbine blade value chain.

The existing management team consisting of CEO David Fletcher from GEV Wind Power and CEO Anders Røpke from Wind Power LAB will continue after the merger.

Accura advised Wind Power LAB, the management and the owners in connection with the merger.