Ramboll Acquires K2, Aurora Expands into Chilean Market

The Uptime Wind Energy Podcast

This week Allen, Phil, and Joel discuss Ramboll's acquisiton of K2 Management, Sumitomo Corporation's acquired stake in EEW Offshore Wind Holding, and Aurora Energy Services acqusition of Altitech Blade Services. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro and the chief commercial officer of WeatherGuard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. Danish engineering firm Ramboll has acquired K2 Management, a wind and solar energy consultancy. This move expands Rambl's global wind division to over 900 people across 20 countries, including a new presence in Vietnam, Thailand, and Portugal. The acquisition is part of Rambl's strategy to grow its wind business to over 1, 000 people by 2025, enhancing its ability to provide services across all stages of wind energy projects globally. Now, Phil. Why the push to get into places like Vietnam and Thailand and Portugal at the minute? Philip Totaro: Well, it's interesting because they're, K2 has done a really good job over the years of doing a lot of owners engineering services and other consultancy services around project development, particularly in these kind of emerging markets. So, you And Ramble historically has gotten a lot of feed contracts doing, some of the EPC basically scope of work and, and design work on Offshore sites the fact that they would fold K2 management's capabilities in with what they already have is, is going to provide the combined company the opportunity to get a wider scope of work from a lot of these, particularly a lot of these emerging markets where. In an emerging market, you want to turn key service provider. This gets them one step closer to, to doing that. Joel Saxum: Yeah, this, to me, this is a huge acquisition in the space. If you're in the offshore wind space or in the wind space in general, and we're just talking wind, not solar and everything else that both of these companies do two big players, you're joining up. So it, like Phil said, you're going to have a full suite of capabilities in a lot of parts of the world, because there's parts where K2 operates where Rambo doesn't, or where K2 has made inroads and Rambo hasn't. Allen Hall: In Germany, EEW Group has reorganized its business into three holding companies. Japanese firm Sumitomo Corporation has acquired a stake in one of these, EEW Offshore Wind Holding. This holding company focuses on the monopile business and associated mechanical engineering activities. This partnership aims to secure EEW's position as a global market leader in offshore wind foundations. And Phil, there's a lot of work happening in foundations at the minute and a lot of movement in the business world about that. Philip Totaro: Yeah, and, and for Sumitomo's benefit they have a lot of contracts to do, both foundations and to partner with other companies to do topsides on offshore substations in particular. So, like we just talked about with with Ramboll and K2 getting together. And having kind of complementary capabilities. This is a similar thing where Sumitomo obviously already has some presence in, in monopile fabrication, but EEW is without a doubt the,