Galetech takes majority control of Optinergy
Cavan-based renewables company now owns about 70 per cent of the wind turbine maintenance firm, and expects to double its turnover by 2023
Galetech, the Irish renewable energy firm, has assumed majority control of Optinergy, a wind turbine maintenance provider, after it bought out the next largest shareholder in the company.
The Cavan-based group said it had acquired the 38 per cent stake in Optinergy held by BVP Investments, a venture capital firm that first invested in Optinergy in 2016. The size of the deal was not disclosed, but it boosts Galetech’s stake in the business to about ...