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 was recently awarded a contract to provide maintenance support to SSE Renewables’ fleet of wind turbines across Ireland and the North.

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 ...