EnergyWatch
Renewables

Investment firm buys founder out of wind supplier

Danish wind supplier Hydratech has been a thorn in the side of the investment firm behind it, which sees the acquisition as future security. A new chairman is the first step towards improved top and bottom lines.
BY HANS LØGSTRUP POULSEN

After eight years, Bent Sørensen, the founder of Danish wind supplier Hydratech Industries, is selling the remainder of his life's work to investment firm BWB Partners, reports Danish business daily Børsen. Over the last five years, the company has experienced a total loss of DKK 230 million (EUR 30.9 million).

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