Clearwater International advises YGS Group ApS (”YGS”), a provider of technology products and tailored services to the global wind turbine operations & maintenance (“O&M”) sector, on its sale to Danhydra A/S (“Danhydra”), backed by Danish family fund investors, Rasmus and Annemette Færch.
YGS, founded in 2010 by Lars Birkkjær, has successfully grown from a local entrepreneurial startup to an internationally renowned technology provider with subsidiaries in both Germany and the US. YGS is a specialist in service and repair of tools and equipment, product development, prototyping and manufacturing, targeting the operation and maintenance sector of the global wind energy industry.
In the aftermath of the recent OEM mergers in this sector, we have seen continuously growing pressure on suppliers to be adaptive and with a global footprint. By consolidating, suppliers can cater for the increasingly evolving demand for a broader product and service offering, and provide companies with more financial power to follow their customers globally.