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Strategic acquisition will grow service provider’s blade repair and maintenance capabilities
Swire Renewable Energy is expanding its wind farm maintenance services by acquiring Altitec Blade Services.
Altitec is a pureplay wind turbine rotor blade inspection, repair and maintenance company operating from offices in the United Kingdom, Germany, Australia and South Africa.
The company offers onshore and offshore wind turbine blade services to wind farm owners, turbine makers, insurers and other participants in the wind power generation industry.
As part of this strategic acquisition, Swire Renewable Energy will widen its blade repair and maintenance capabilities, and significantly grow its capacity in blade related services, which now include all blade service and maintenance, predictive analysis, engineering, autonomous drone inspections, annual and periodic maintenance, bespoke blade repair training and repair diagnostics.
Ryan Smith, Chief Executive Officer of Swire Renewable Energy, said: “Following the encouraging growth in our blade maintenance division in the last 12 months, we acquired Altitec to strengthen our blade technical capability, increase our operating capacity, and expand our regional footprint.
“There is significant technical and regional synergy between the two companies and the business combination will enable us to market and operate our blade, HV electrical, mechanical, pre-assembly and installation services throughout a much stronger and broader network.”
Tom Dyffort, Managing Director of Altitec Blade Services, said “Altitec has developed a strong position in the wind turbine industry since its inception and has a solid customer base and highly professional and technical blade skillset.
“We are looking forward to integrating with Swire Renewable Energy and optimising our marketing through the larger combined network, enabling us to grow and scale in both onshore and offshore blade repair services internationally.”
Over the coming months, the Altitec business and regional offices will be integrated and then trade as Swire Renewable Energy across the broader group.
The Altitec acquisition follows Swire Renewable Energy’s October 2023 acquisition of Wind Power Solutions AB (WPS), a wind turbine inspection, repair and maintenance business operating throughout Sweden, Norway and Finland. |
