Dutch wind turbine operations and maintenance (O&M) provider Full Circle on Monday announced the acquisition of French peer Net-Wind in a move that will help it further enhance its presence across Europe.
The value of the transaction was kept under wraps.
Pays de la Loire-based Net-Wind has been operating in the O&M field for more than 10 years, servicing machines by Senvion, Nordex, Gamesa, Vestas and Enercon. The company, which was set up in 2011, has around 30 staff and five service centres in France.
Net-Wind is seen to bring more technical and operational capabilities to Full Circle’s business, including experience in major component exchange, service activities and decommissioning on multiple platforms, the buyer said.
Full Circle currently has offices in France, the UK, Italy and Greece. The Dutch company expects the acquisition to significantly expand its foothold in the French market, which is seen to benefit from the government’s plan to add 35 GW of onshore turbine capacity generation by 2028.
“We are delighted to have secured this deal, which we believe will benefit both sides and, more importantly, expands our capabilities as a group and allows us to offer a better service to our customers in France and beyond,” said Billy Stevenson, CEO of Full Circle.
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