General – Acquisition
Nordic Capital has reached an agreement to sell Bladt Industries, a leading supplier to the growing offshore wind industry.
The acquirer, CS WIND, is the global number one in wind turbine tower manufacturing and the new ownership will further support the company’s journey to becoming a specialised enabler of the global green transition.
During the Nordic Capital ownership, Bladt Industries has completed a companywide strategic pivot to focus solely on the growing offshore wind industry, thereby becoming a pure-play renewable energy supplier, well placed to accelerate a greener future.
Michael Glavind, Interim CEO of Bladt Industries, welcomes the new owners: “Our company has undertaken an impressive transformation in recent years, to better align our offering with the global need for an expansion of offshore wind farm capacity and become a leading supplier. With CS WIND as our new owner, Bladt will have a strengthened offset to further progress this journey. Having an owner who already knows and understands the offshore wind market and the complexities of steel construction will benefit us – and therefore also our customers – tremendously.”
The acquisition is subject to certain closing conditions, including relevant regulatory approvals. Financial details of the transaction will not be disclosed.