Transaction

Clearwater advises Endiprev on its sale to Muehlhan Wind Service

Transaction

Endiprev on its sale to Muehlhan Wind Service

Sell-side

Undisclosed

Role

Adviser to Endiprev on its sale to Muehlhan Wind Service

Sector

Business Services

Region

Portugal

We have advised the owners of Endiprev, a Portuguese-based company specialising in commissioning and maintenance services for the wind power sector, on its sale to Muehlhan Wind Service (MWS), a Danish player in the wind industry.

Endiprev is an independent provider and international reference of technical and engineering services to the wind power industry, with comprehensive experience in commissioning and MV/HV work in both onshore and offshore projects. With more than 500 employees, the company has a strong focus on all the major wind markets in Europe, particularly in the UK and France, as well as the US. 

MWS, a Danish independent division of the German-based Muehlhan Group, is a global player in the wind industry, with a notable presence in the markets across Northern Europe, the UK, North America, and Australia. MWS offers a comprehensive range of services, including installation, offshore pre-assembly, blade repair work, scheduled service, as well as large-scale upgrade and repair campaigns. Since the investment in 2022 by US-based private equity firm, One Equity Partners, Muehlhan Group has focused on its ambitious growth strategy through both acquisitions and organic expansion. 

The current executive management team of Endiprev will remain in place and retain ownership stakes in the combined group.

wind turbines

Joining forces with MWS provides us with the resources and strategic support necessary to reach new heights. We are excited about the opportunities this partnership brings. The immediate focus after the merger will be to ensure that existing customers continue to receive our usual high level of service, while we seek to harness operational synergies between our two companies to deliver even stronger support to our clients globally. We thank the Clearwater team for their important contribution to the success of this transaction. Their dedication and professional advice ensured comprehensive support from the initial phases to the final negotiations.

André Ribeiro, CEO, Endiprev
wind turbines

This acquisition aligns perfectly with our strategic goals of global expansion and service enhancement. Endiprev’s commitment to excellence in safety, quality, and execution aligns perfectly with our philosophy and commitments. Their strong expertise in electrical scopes and high-voltage systems complements our own, creating a formidable partnership capable of providing unparalleled support to our clients worldwide.

Søren Høffer, CEO, Muehlhan Wind Service

Endiprev is a fantastic business that we have followed for many years, witnessing firsthand its development into a leader in the wind industry. We are extremely proud to have advised its shareholders on this transaction, and we thoroughly enjoyed working with them throughout the process. This partnership with Muehlhan Wind Service will create a global champion in the installation and service of wind turbines. We look forward to the success of this ambitious project.

Artur Pereira, Director, Clearwater

Advisers

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