General – Acquisition
CS Wind from Seoul, Korea, finalizes the acquisition of Bladt Industries, enhancing the green energy company’s global leadership in the transformation from fossil fuel towards wind energy.
This marks a leap where the combined strengths of both companies will pave the way for innovation, optimized production, and global reach as Bladt Industries is integrated into CS Wind’s global organization.
One of the main priorities is to further develop and strengthen the key production sites in Denmark – at both Lindø and Aalborg – securing the ability to supply future demand for the global wind-power industry.
Today’s closing of the acquisition, which was announced on 10 July 2023, is the first step in integrating Bladt Industries into the CS Wind family. The full integration of the Danish industry icon will establish a more comprehensive and strengthened value chain, further facilitating the ability to deliver on the growing demand for wind-powered green energy.
As part of the closing of the acquisition Joseph Oh will be stepping into the position as CEO. Oh comes from CS Wind, where he, among other things, has held the positions of Senior Vice President Market Intelligence and Chief Sales Officer. With a broad leadership and commercial profile, he has been with CS Wind for more than 14 years and has previously worked for GE Plastics and Samsung.
Accompanying him as Co-CEO will be Henrik Olesen, who brings significant experience from executive positions in several international businesses, including Vestas, Danfoss, Güntner, Scandinavian Brake Systems, Genan and Kompan, with 13 years working abroad in Mexico, Singapore, India, and USA.
Following the successful closing of the acquisition, Michael Glavind, CEO since April 2023, steps down from his position as the new management takes office. Michael will stay with the company as an advisor until the 31st of December 2023.