Magnesium Capital partners with SCADA International, the leading control systems and software provider to the renewable energy sector, to support its ambitious growth and international expansion plans
(London, England, April 7, 2020). Denmark-based SCADA International A/S (“SCADA International” or “the Company”), the leading control systems and software provider to the renewable energy sector, has been acquired by funds advised by Magnesium Capital LLP (“Magnesium”).
Funds advised by Magnesium have signed an agreement to acquire a majority of SCADA Holdings A/S, the parent company of SCADA International, the leading control systems and software provider to the renewable energy sector. Closing of the transaction is pending customary regulatory approvals.
Magnesium is supporting the existing management team of SCADA International, who will remain significant minority investors post transaction, in pursuing an ambitious growth and international expansion strategy. SCADA International’s current minority investor, Executive Capital ApS, will exit as a result of the transaction.
Magnesium’s investment in SCADA International represents its sixth investment to date and aligns with its strategy of investing in fast-growing technology and tech-led businesses that are accelerating the shift to a decentralised, decarbonised and digitised energy system.
Supervisory Control and Data Acquisition (SCADA) systems sit at the heart of the operational functionality of every renewable energy power plant, and the advanced solutions provided by SCADA International are ‘mission-critical’ in the operation of thousands of wind, hydro and solar PV plants around the world. The Company’s OneView® software solution is deployed on over 16GW of renewable energy assets and trusted by some of the largest and most sophisticated OEMs and asset owners globally.
Thomas Bagger, CEO of SCADA International said “With Magnesium Capital, we now have a partner with vast experience in strategy support within our core market and the financial backing to respond to present and future customer requests. For us, this is a perfect strategic fit.”
Ian Jones, Managing Partner of Magnesium Capital said “With a long list of customers that includes the world’s most experienced renewable energy OEMs, asset owners and operators, we feel that SCADA International plays a key role in the decarbonisation and digitisation of the global energy system. We look forward to working with Thomas and the rest of the SCADA International team through this next growth phase.”
Magnesium was advised by DLA Piper Denmark and Walker Morris (legal), KPMG (financial & tax), Brinckmann Group (commercial), Crosslake (technical) and ESG Capital (ESG & Impact). Management and Executive Capital were advised by Clearwater International and Bech-Brunn.
Financial details of the transaction have not been disclosed.
About SCADA International
SCADA International empowers the renewable energy sector through unparalleled SCADA expertise; their highly skilled specialists support the complete SCADA value chain, and the company acts as a trusted partner from inspection and design to hardware production and installation, surveillance, and maintenance.
SCADA International’s intelligent solutions make reliable data from various sources available in real-time to customers worldwide. The company believes in flexibility and interoperability across assets and technologies, and their specialists have, over the years, formed unique competencies in developing a vast number of communication drivers that enable SCADA International and its customers to communicate directly with turbine controllers from various OEMs. Their expertise also lies within power regulation, and the company provides flexible solutions that enable its customers to control multi-assets, PtX, and battery storage in one unified system.
Headquartered in Denmark, SCADA International employs more than 100 wind and SCADA specialists at offices in Germany, Poland, Ukraine, the United Kingdom, and the USA. The company is certified according to ISO 9001, ISO 14001, and ISO 45001.