- The deal will see the integration of Tamoin's wind business and Revergy, an international renewable energy group controlled by Henko.
- The resulting group will have a turnover of more than 50 million euros and will position itself as a benchmark firm in technical services for wind farms and photovoltaic plants.
- The new firm's CEO will be Javier Coloma, an executive with more than 25 years of experience in the renewables sector.
Madrid, 22 July 2024. - GTM, an industrial services engineering company, and the investment fund Henko Partners have joined forces with the aim of growing in the service provision sector for the wind and photovoltaic sectors. The deal will see their respective subsidiaries, Tamoin's wind division and Revergy, join forces to create a group that will lead the market in support of renewables in Spain. The resulting group expects to achieve a turnover of 50 million euros.
Tamoin Wind's activity clearly complements Revergy's capabilities, which will allow the resulting group to have a stronger presence in the energy value chain, incorporating Tamoin's wind expertise and supply chain management. The alliance between Revergy and Tamoin Wind will also strengthen the group's position in the Iberian market and expand its geographical presence in Europe and Latin America. This is also Revergy's first corporate operation, reaffirming its objective of becoming an international benchmark in specialised services for the wind and solar sector.
The new group will be headed by Javier Coloma, a former Ingeteam executive with more than 25 years' experience in the energy sector, who has also held senior positions in companies in the sector such as STI Norland and Naitec. One of the main objectives of the management team will be to promote the numerous commercial synergies, as well as the international expansion of the group.
According to GTM, "the transaction is an important step in supporting Tamoin's wind power division in its international expansion, building on the commercial capabilities of the Revergy team. The integration is expected to bring a lot of value and will allow us to get the best out of both companies".
The CEO of the new group, Javier Coloma, stresses that "the integration of Tamoin Wind and Revergy is a key step forward in the market, as it will allow us to strengthen our position in the entire value chain of the wind sector, incorporating qualified maintenance services ranging from corrective campaigns and blade repair to the supply of spare parts and components". With the group's new range of services, Coloma adds, "we will be able to support our customers internationally with a comprehensive service".
Bird & Bird and PKF advised Henko Partners on this transaction, while Oquendo Corporate and Javier Maceira advised the GTM Group.
About Revergy:
Spanish company specialised in technical services for the renewable energy industry, with a high degree of specialisation in wind and photovoltaic farms, and a relevant international character, with its own delegations in Spain and Latam. The company offers a wide range of services including Asset Management, O&M and Property Engineering. In 2022, Henko Partners acquired the company in order to continue the strong growth of the global renewable market.
About Henko Partners:
Private equity fund focused on supporting companies in Iberia in markets with long-term growth trends. Henko Partners aims to support companies to accelerate their growth and transform into more resilient and sustainable businesses. Henko Partners is a responsible investor committed to strict environmental, social and governance principles. Our goal is to contribute to the long-term success of our investors and to a sustainable society.
About Tamoin Wind:
Tamoin subsidiary providing O&M services for the wind energy sector. The company offers a wide range of services, including full risk maintenance, major corrective maintenance and inspections, design modifications and component supply. Recognised as one of the leading independent suppliers in the wind market, it has a significant presence in Europe.
About the GTM Group:
Industrial group offering integrated solutions in the energy, industry, construction and civil engineering sectors. The group includes several companies such as Norton, Matra, Tamoin and Tecnest. GTM has a strong international presence offering a wide range of specialised services tailored to the demands of the global market.
