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HomeLatest NewsThe Bridgepoint fund acquires Windar Renovables for more than 600 million

The Bridgepoint fund acquires Windar Renovables for more than 600 million

Date: March 3, 2024 Time: 18:55:52

The British venture capital fund Bridgepoint has closed an agreement with the Daniel Alonso Group and Siemens Gamesa to acquire the majority of the capital of Windar Renovables, one of the world leaders in the manufacture of towers and structures for onshore and offshore wind turbines.

The executive president of the Asturian company, Orlando Alonso Villarón, will continue in office and will maintain a minority stake in the company once the operation is closed, in the second half of the year and which different financial media estimate at more than 600 million euros. .

Under the agreement, Siemens Gamesa will also continue to be a “strategic customer” in Windar’s new stage, reports the company, the only company in the world with experience in manufacturing all the different types of substructures for the offshore wind industry that are used in the present.

Just yesterday, it closed with Iberdrola the largest order it has received to date for the production of 95 transition pieces for the East Anglia Three offshore wind farm, in United Kingdom waters, and it has a backlog of orders that includes some of the wind farms most emblematic sailors of Europe and the United States.

The momentum experienced by offshore wind power in Europe, America and Asia has favored the growth of the Asturian company in recent years, a circumstance that has been highlighted by Héctor Pérez, a partner of Bridgepoint in Europe, when proposing this agreement.

According to Pérez, Windar is at the forefront of renewable energy development, maintains a leading position in the manufacture of wind towers and structures, and is well positioned to continue meeting the growing demand for offshore and onshore wind power.

“We are delighted to support the company in its next phase of expansion”, he added, while the President of Windar has ensured that the British Fund shares the long-term strategic vision of the Asturian company and has shown concave that it is the ideal partner to support and accelerate your business plan. Founded in 2007 and headquartered in Avilés, Windar Renovables has seven production plants in Spain and another three in Brazil, India and Mexico that serve the five continents.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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