Integrated Wind Solutions ASA (“IWS”) is pleased to announce that it has exercised the fixed-price option to increase its ownership in PEAK Wind Group ApS (“PEAK Wind”) from 30% to 49%. The option was agreed upon as part of the IWS’s initial investment in PEAK Wind in September 2021.
The purchase price for the additional 19% shares is DKK 66.5 million, with adjustments for net cash. The transaction will be settled using cash held by IWS. We expect the transaction to be completed in September 2024.
For further information, please contact:
Lars-Henrik Røren
CEO Integrated Wind Solutions
Phone: +47 98 22 85 06
E-mail: lhr@integratedwind.com
Marius Magelie
Group CFO Integrated Wind Solutions
Phone: +47 920 27 419
E-mail: mm@integratedwind.com
About IWS:
Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels to the offshore wind industry combined with a suite of adhering services to reduce the levelised cost of energy (“LCOE”) for offshore wind. The Company owns 74.62% of IWS Fleet AS, which has three Commissioning Service Operation Vessels (“CSOVs”) delivered and three CSOVs under construction with delivery in 2024 and 2025. Furthermore, IWS owns the offshore wind supply-chain service company, IWS Services A/S and the investment in the independent advisor, consultancy, data intelligence and wind farm operator firm PEAK Wind Group.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.