EnergyWatch

Jupiter and Bach Composites enter merger agreement

Two Danish subcontractors to the wind turbine industry, Jupiter Group and Bach Composites, are now merging their companies. Jupiter is the big player in this merger and gets both the CEO as well as the headquarters.

Photo: Vestas

Consolidation in the Danish wind turbine industry intensifies again on Thursday. Two of the large subcontractors to wind turbine manufacturers such as Vestas and Siemens are joining forces to create a combined company with 1,200 employees.

Jupiter Group, which manufacturers fiberglass covers for nacelles, is entering the merger with about 700 employees and revenue which amounted to DKK 400-450 million (EUR 50-60 million) in 2015. Bach Composites, which supplies composite materials to companies such as Vestas, will pitch in with about 500 employees and revenue of DKK 50 million.

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