EY acted as exclusive financial advisor in the sale of Energy Innovation

14 Dec 2022


On Wednesday 14 December, it was announced that Aria Asset Management has sold Energy Innovation AS, a leading provider of education, training and certification services to the wind power industry, to Norsea Group and The IKM Group.

Energy Innovation is a Center of Excellence within education, training and certification of wind service technicians:
 

  • Currently #1 GWO training center in Norway with approx. 70% market share
  • The company is strategically located in Egersund in close proximity to existing and planned on- and offshore wind farms. Their unique network of partners, including a central and important role in the Norseman Consortium, validates the quality of the services provided
  • Energy Innovation is now developing a franchise for comprehensive GWO training (both HSE and technical) and education for wind technicians and other personnel needed for installation, operation and maintenance of on- and offshore wind throughout the world.
     

The shareholders of Energy Innovation found NorSea Group and The IKM Group to be strong industrial owners for the further development of Energy Innovation as an international competence center for the Wind Power Industry.

EY Corporate Finance acted as financial advisor to the seller, Aria Asset Management, an independent investment firm established by Robert Norum and Mikal Løvik in 2021. Aria Asset Management invest in companies with a competitive advantage in green energy technology, with the aim of creating a real impact through active ownership.

 

Link to official press release.

 

Contact us for more information:

  • Jan Erik Åsland -  Engagement Partner
  • Ole Jørgen Friestad - Engagement Manager
  • Erik Axelsen
  • Arnor Thomas Øydna
  • Clément Tom Joris Benureau

Summary 

EY provided M&A services to the shareholders of Energy Innovation in the sale to NorSea Group and The IKM Group.

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