Consolidation driven acquisition in the onshore and offshore business.
Grene WIS acquires leading player in the onshore and offshore lifting business
As part of the growth strategy, Grene Wind Industry Supplies with the support from CoreCapital has acquired Nordic Offshore Services A/S, a leading player in the on- and offshore lifting and specialty-equipment business. NOS A/S has through deep product understanding, high quality, and strong customer relations been able to expand its business and become a leading player in both wind, construction, industry, and marine. A position that will be further strengthened with the new merger.
Behind Grene WIS stands Bagger-Sørensen Equity A/S, a Danish family owned business owned by the fourth generation of the Bagger-Sørensen family. The Bagger-Sørensen family has a focus on long-term value creation through strong customer relationships and has more than a hundred years of successful industrial history.
Grene WIS is on a journey to become the leading supplier to the growing wind installation and service business and will with the acquisition strengthen this position. Grene WIS will furthermore expand into new segments, where synergies can be harvested to the benefit of all our new and existing customers.
With the acquisition, Grene WIS continues the consolidation journey where customers can be even better served through a broader scope, more efficient processes, and a global footprint.
CoreCapital is on a journey to grow, globalize and consolidate strong Danish suppliers supporting the green energy transition. This acquisition is an example of how joining forces can create clear synergies. The step change among the suppliers is inevitable if the industry should meet the growing renewable energy demand.