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Spanish service giant GES's German buy
1 August 2008
Spanish wind energy services firm Global Energy Services (GES) has acquired WKA-Service-Fehmarn, a German rotor blade service company, along with its subsidiaries, Rotoclimb and WEA Rotorservice, for an undisclosed price. WKA-Service-Fehmarn is described by Jan Peter Schrick, German director of GES, as a medium sized company with turnover of EUR 4 million to EUR 5 million "with which we can expand and broaden our customer base." GES employees will be trained in rotor servicing, working in teams with WKA both in Germany and internationally. GES was previously known as Gamesa Energia Servicios. It was hived off from Gamesa Energia in 2006, in a management buyout, with 75% of the company taken over by private equity investor 3i. GES has 4000 employees working in 17 branches including in Germany, Italy, Portugal, Poland, France, Britain and the United States. It has installed 10 GW of wind capacity and maintains 7 GW worldwide. Turnover in 2007 was EUR 489 million.
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