JUPITER BACH
Merger with Jupiter completed / World's leading supplier of components for wind turbines created
Danish companies Bach Composite Industry (Hurup; www.bach-ci.com) and Jupiter Group (Køge; www.jupitergroup.com) have completed their merger, creating the world’s largest supplier of nacelles (housings) and spinner covers for wind turbines.

The combined company – Jupiter Bach – is headquartered in Køge, just outside Copenhagen, with production sites in Denmark, Spain, Lithuania, Poland, USA and China, and a total of more than 1,200 employees

Verdane Capital Advisors (Oslo / Norway; www.verdanecapital.com), which acquired Jupiter in May 2016, lead the deal and remains the majority owner of Jupiter Bach, providing the resources and capabilities for the merged group to expand its composites expertise in the wind industry.

Jupiter’s former CEO, Jens Kristensen, now leads Jupiter Bach while Bach Composite’s CEO, Geert Winther Skovsgaard, resigned but retains a minority stake in the new company. “As the wind industry has evolved to become a mainstream energy source, it is paramount that the entire value chain focuses on achieving a low LCoE [levelised cost of electricity] through innovation and scale. By combining our resources, Jupiter Bach is able to concentrate on developing the efficiencies and advancements necessary to achieve this and drive the industry forward,” Kristensen commented.

Financial details of the transaction were not disclosed.
16.06.2017 Plasteurope.com [237091-0]
Published on 16.06.2017
German version...German version of this article...
© 2001-2017 Plasteurope.com

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2017 by Plasteurope.com, Bad Homburg
Date of print: 28.06.2017 07:27:53   (Ref: 409805674)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp