OWC can now expand its technical offering in wind turbines and consultancy services for the installation, operations and maintenance phase of offshore wind projects.
The deal, announced in June 2023, is expected to create opportunities for the further growth of DWP’s approach towards wind turbine optimisation. The company has a track record of supporting both bottom-fixed and floating wind projects.
The purchase of DWP allows OWC and ABL Group to enter the Danish market, expanding their opportunity to deliver renewable energy projects.
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By working with its parent companies, DWP can also expand its presence internationally across 14 countries which are among the important offshore wind regions.
OWC bought all of DWP’s shares for DKr11.4 ($1.7m).
DWP received 413,838 shares in ABL Group, along with DKr7.4m ($1.1m) in cash upon completion of the deal.
In June 2022, OWC CEO William Cleverly stated: “With Delta Wind Partners, we are broadening our expertise and experience so we can provide the most comprehensive technical offering to support the acceleration of the offshore wind industry. It gives us a presence in an important offshore wind market, at the heart of where the wind energy sector was born.
“DWP’s impressive expertise in WTG technology at the latter phases of an offshore wind project’s lifecycle perfectly complements OWC’s experience at the development phase, something that combined will add great value to our clients. As we also have a track record of working together, this acquisition is not only a clear technical fit, but also a perfect cultural fit.”