Momentum Energy Group acquires Windturbs
With effect from 1/1 2023, Momentum Energy Group A/S (Momentum), through its wholly owned subsidiary Momentum Energy Wind Services ApS, has acquired all shares in Windturbs ApS. The company will continue in Momentum’s name.
The acquisition includes 7 employees and 3 service vehicles. Momentum significantly increases its presence within wind turbine service in Denmark, and now has +40 employees, 15 service vehicles and spare parts locations and workshops across the country. Momentum Energy Wind Services will now service more than 500 wind turbines in Denmark, making the company one of the largest and fastest growing wind turbine service providers in the market.
Momentum’s CEO, Kim Madsen, says about the acquisition:
“We have long had our eye on Windturbs, which we think fits well with Momentum’s strategy of being a market leader in knowledge about wind turbine operation and repair. At the same time, it is our declared goal to be able to service both our own and our customers’ wind turbines throughout the country, quickly, efficiently and competitively thanks to our local presence and extensive experience. In a time of turbulent electricity markets and high energy prices, it’s crucial that we can get to the turbines as quickly as possible and get them up and running again without too much downtime. For the same reason, we have established a 24/7/365 monitoring center, and the acquisition of Windturbs ApS is a perfect fit for us. We warmly welcome new employees and customers, and we look forward to working with them to make a huge difference in the green transition, which continues at full speed.”