Integrated Wind Solutions AS aims to be a leading offshore wind service player by integrating service operation vessels with engineering, product and manpower services in a windfarm’s installation, commissioning and operations phase.
As part of delivering on the Company’s strategy, we are pleased to announce the acquisition of 75% of Procon Group A/S (ProCon). ProCon is a Danish engineering, construction and service solution provider specialized in electrical and technical solutions to the global renewable industry with a focus on offshore and onshore wind as well as solar power.
“Today’s announcement is the first steppingstone towards our ambition to become the leading provider of integrated service solutions in the offshore wind sector. We are impressed with ProCon’s journey so far and look forward to partnering with ProCon’s founder to enhancing its future success. The acquisition of ProCon will in effect be our first investment under the IWS Services division portfolio, and it is the perfect opportunity to further accelerate our growth plans as service solution providers to our offshore wind clients”, said Lars-Henrik Røren, CEO of Integrated Wind Solutions AS.
Headquartered in Aalborg, Denmark, ProCon has global ambitions with activities in Belgium, Germany, Poland, Taiwan, United Kingdom and USA. In 2020, ProCon had a turnover of about DKK 84 million. Future growth is expected to be in line with the industry, estimated to be more than 20% per year. By contributing with DKK 60 million in cash injection, Integrated Wind Solutions acquires 75% of ProCon. The company founder, Claus Søgaard Poulsen, retains 25% ownership and will continue as CEO of ProCon. The transaction is expected to close within July 2021.
“We are immensely proud to have delivered specialist solutions regarding design, engineering, pre-assembly, installation, commissioning, service, inspection, maintenance and retro-fit to more than 1.500 offshore wind foundations, more than 850 wind turbines and substations, with more than 500,000 hours offshore working hours on the clock. Our services are perfectly complementary to Integrated Wind Solutions’ ambitions. Their investment is a recognition of ProCon’s strong market position and allows both companies to further expand our offerings and boost our global market ambitions using ProCon as the platform”, said Claus S. Poulsen, CEO of ProCon Group A/S
For more information, please contact:
Lars-Henrik Røren, CEO
Phone: +47 98 22 85 06
About ProCon Group
ProCon Group is an international ISO9001, ISO14001, ISO45001 and UN SDG certified company that specializes in providing high-quality electrical and technical solutions to the global renewable industry through its two business units: ProCon Wind Energy and ProCon Technic. Procon Group is headquartered in Aalborg, Denmark. For more information, see company website: proconas.dk.