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EnergyWatchWednesday4 October 2023
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Renewables

Acquired Danish wind trio rewards owner with big profit

Two of the three supply companies which were acquired last year by Norwegian equity fund Verdane have increased earnings over the past year by 50 percent, while the third company also booked a record profit.
Supplier Jupiter, which has folded its biggest competitor into its own business since being acquired last year, is currently expanding production in Poland. | Photo: Jupiter Bach
Supplier Jupiter, which has folded its biggest competitor into its own business since being acquired last year, is currently expanding production in Poland. | Photo: Jupiter Bach
by MAZ PLECHINGER

Norwegian equity fund Verdane Capital seems to made a great deal when it went shopping in Denmark last year and acquired the three companies Jupiter Group, Polytech, and JSB Group. The three acquired companies, all of which are suppliers to the wind turbine industry, are showing major progress in their financial reports for last year.

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  • European Energy reaches Polish milestone –
  • Wärtsilä sees more carriers improving efficiency instead of switching fuel –
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