{"id":47177,"date":"2023-08-23T10:17:20","date_gmt":"2023-08-23T09:17:20","guid":{"rendered":"https:\/\/abl-group.com\/abl\/?p=47177"},"modified":"2023-08-23T11:39:15","modified_gmt":"2023-08-23T10:39:15","slug":"abl-group-asa-acquisition-of-delta-wind-partners-completed","status":"publish","type":"post","link":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/abl-group-asa-acquisition-of-delta-wind-partners-completed\/","title":{"rendered":"ABL Group ASA: Acquisition of Delta Wind Partners completed"},"content":{"rendered":"
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Reference is made to the stock exchange announcement dated 26 June 2023<\/a> regarding ABL Group ASA subsidiary OWC\u2019s planned acquisition of Denmark-based offshore wind consultancy Delta Wind Partner ApS (DWP)<\/a>. The acquisition has today been successfully completed.<\/strong><\/p>\n\n\n\n

DWP is a specialist solutions provider for wind turbine generators (WTG).<\/p>\n\n\n\n

The acquisition expands OWC\u2019s technical offering in wind turbines and in consultancy at the installation and O&M phases of an offshore wind project. It also provides an opportunity to further grow DWP\u2019s unique approach to WTG optimisation both globally and in the floating offshore wind market. DWP has a track-record of supporting both bottom-fixed and floating wind projects.<\/p>\n\n\n\n

The addition of DWP also gives OWC and ABL Group a local presence in the Danish market, increasing the opportunity to support Denmark in delivering its renewable energy targets. Similarly, the acquisition provides DWP an opportunity to expand its expertise internationally across OWC\u2019s office network spanning 14 countries in the world\u2019s key offshore wind regions. <\/p>\n\n\n\n

OWC has acquired 100 percent of the shares in Delta Wind Partners for a total closing consideration of approximately DKK 11.4 million (USD 1.7 million). The consideration is settled as follows:<\/p>\n\n\n\n