Vestas to acquire service provider Availon


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

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