Share this article
Danish electrical engineering specialist ProCon Group and Norwegian company Hyndla have completed an all-share merger to form an integrated electrical solutions provider targeting the offshore wind industry, IWS Services, the 75-per-cent-owner of ProCon said on 5 January.
offshoreWIND.biz is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow offshoreWIND.biz on:
Join thousands of industry professionals who start their day with our newsletter.
The combined business will operate under the parent company brand. Following the transaction, IWS Services, the offshore wind services arm of Integrated Wind Solutions (IWS), holds 52.5 per cent of the new entity and all voting rights.
According to IWS, the merger brings together ProCon’s electrical solutions for transition pieces (TPs) and offshore substations within the offshore wind industry, and Hyndla’s solutions in electrical engineering and cable management designs.
The combined entity will integrate low-voltage electrical engineering and high-voltage cable management with project management and installation services to offer comprehensive electrical solutions for TPs and offshore substations, IWS said.
The company said the combination is designed to industrialise and streamline delivery of electrical scope work, improve project execution, and address demand for scalable supply-chain partners in a competitive offshore wind market.
The combined company is targeting more than doubling revenues by 2030 versus 2025 levels.
Henrik Stamer, CEO of Hyndla, will be appointed Managing Director of the combined entity.
“By combining our complementary strengths, we are establishing a stronger, more reliable partner for the industry, capable of delivering end-to-end electrical and structural solutions for offshore wind Balance-of-Plant that drive efficiency and reduce risks for our clients, and finally, but not least, a more exciting workplace for our employees” , Henrik Stamer said.
offshoreWIND.biz is read by thousands of offshore wind professionals every day.
—
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our offshore wind business directory.
Follow offshoreWIND.biz on:
about 6 months ago
Danish electrical engineering specialist ProCon Group and Norwegian company Hyndla have completed an all-share merger to form an integrated electrical solutions provider targeting the offshore wind industry, IWS Services, the 75-per-cent-owner of ProCon said on 5 January. The combined business wil
