Renewable energy inspection, repair, and maintenance company Swire Renewable Energy has bought wind turbine rotor blade repair and inspection specialist Altitec Blade Services.
As part of this strategic acquisition, Swire Renewable Energy will significantly widen its blade repair and maintenance capabilities, and significantly grow its capacity in blade-related services, which now include all blade service and maintenance, predictive analysis, engineering, autonomous drone inspections, annual and periodic maintenance, bespoke blade repair training, and repair diagnostics.
The company will also expand its market share through Altitec’s offices in the United Kingdom, Germany, Australia, and South Africa.
Over the coming months, the Altitec business and regional offices will be integrated and then start trading as Swire Renewable Energy across the broader group.
The Altitec acquisition follows Swire Renewable Energy’s October 2023 acquisition of Wind Power Solutions in Sweden. The Swedish firm is a wind turbine IRM business operating throughout Sweden, Norway, and Finland.
“We are very focussed on developing our newly acquired business units in Africa and Australia. These are emerging high-growth renewable energy services markets where we have significant group experience. We will be leveraging our long-standing relationships in Africa and Australia to ensure we develop a long-term competitive position,” said Ryan Smith, CEO of Swire Renewable Energy.
“We are looking forward to integrating with Swire Renewable Energy and optimising our marketing through the larger combined network, enabling us to grow and scale in both onshore and offshore blade repair services internationally,” Tom Dyffort, managing director of Altitec Blade Services, added.
