Vestas to acquire service provider Availon

22.01.2016

For a total of € 88 million Vestas took over service provider Availon. For Availon the adjective „independent“ can therefore only be applied to a limited extent. After the acquisition of UpWind Solutions in the US it is already the second company takeover of a service provider for Vestas.

Vestas has announced to acquire Availon, a leading European independent service provider headquartered in Germany. The acquisition price is € 88.0 million and will be paid in cash from readily available sources. The transaction is subject to customary closing conditions, including approval from relevant competition authorities. Closing is expected to take place in the first quarter of 2016.

Availon is employing approx.. 400 people and has a total capacity of more than 2.6 GW currently under service. Availon’s core market is Germany, while the company also has notable service activities in Austria, Italy, Portugal, Spain, Poland and the United States.

“Acquiring Availon is a natural next step in accelerating Vestas’ profitable growth strategy in the service business. Size and scale matter and the acquisition strengthens our capabilities to service most major turbine technologies and to capture market shares”, says Group Senior Vice President Christian Venderby, Vestas Global Service.

“Vestas and Availon share the same values in terms of safety, quality, customer satisfaction and reaching the highest availability possible. Combining forces will contribute to our jointly becoming the preferred fleetwide service partner for a wider range of customers and turbine technologies”, says Availon’s CEO Ulrich Schomakers.

For 2015 Availon is on a stand-alone basis expected to report consolidated revenues of € 59.8 million, normalised EBITDA of € 5.2 million and total assets of approx. € 33.3 million. Availon will be included in Vestas’ financials from the time of closing.

Katharina Garus / Vestas

Similar Entries

Following the acquisition of Ria Blades, Siemens Gamesa has completed the purchase of selected assets from Senvion announced in October 2019. The acquisition of Onshore Service assets and IP was concluded in January 2020.

Renewables covered around 52 percent of gross power consumed in Germany during the first quarter of 2020. This all-time high was driven by a combination of one-off events. Preliminary calculations by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Federal Association of Energy and Water Management (BDEW) yielded this figure. February’s record winds were followed by an unusually sunny March. Power consumption was also down by one percent from the same period last year.

According to the General Administrative Regulation (German: AVV) for the marking of aviation obstacles, infrared light will be mandatory for many wind turbines as additional navigation lighting. The infrared light developed for this purpose by former Reetec, now Robur Wind, has been certified by the responsible authorities.

Global Energy Storage Systems Market is set to grow from its current market value of more than $340 billion to over $500 billion by 2025; according to a new research report by Global Market Insights, Inc.