Momentum acquires IWE Administration ApS
Momentum Gruppen A/S increases its management portfolio significantly: With effect from January 1st 2017 Momentum has acquired IWE Administration ApS including 135 MW under management as well as an 80 MW management portfolio from Wickmann Wind AB in Sweden.
Momentum Gruppen A/S increases its management portfolio significantly
With effect from January 1st 2017 Momentum has acquired IWE Administration ApS including 135 MW under management as well as an 80 MW management portfolio from Wickmann Wind AB in Sweden.
Thereby, Momentum underpins its position as one of Denmark’s largest, independent management companies within wind turbines and PV plants.
Momentum Gruppen A/S is a highly specialised company with focus on development, procurement and management of wind turbines and PV plants.
Through the last 16 years the company has achieved a position as one of the markets leading independent managers of solar and wind energy assets and manages assets with a combined value of more than DKK 3.6 billion divided on +400 wind turbines and 6 PV plants in Denmark, Sweden, Germany, England and France comprising +140 owner companies with more than 1.000 owners.
A Challenging and Complex Business
Management of wind turbines and PV plants takes place in a dynamic and volatile industry where frequent implementation of new legislation provides new possibilities as well as increasing requirements. Thus, management of wind turbines and PV plants continues to be a challenging and complex business, which in the future will increase the requirements of management companies and their set-up considerably.
With this in consideration the two owners Casper and Mikkel Rasmussen decided to sell their management company IWE Administration ApS, which manage approximately 130 MW wind and solar energy in Germany and Britain to Momentum Gruppen A/S.
The acquisition of the Swedish management company Wickmann Wind’s management portfolio happens as part of a generational handover, as the longstanding business partner and owner, Andreas Wichmann, wishes to reduce this business area because of retirement plans.