Founders and investors have sold Sulzer Schmid to RES
Sulzer Schmid
Sulzer Schmid, based in Switzerland, is a pioneer in autonomous drone inspections for the renewable energy sector. Their AI-powered 3DX™ Blade Platform revolutionizes blade inspections and repairs, offering 100% coverage and high-quality data. The powerful and user-friendly SaaS platform helps customers in building comprehensive lifetime records of wind turbine rotor blades across entire fleets and portfolios, providing valuable insights through trend analysis and benchmarking. With 100 gigawatts (GW) of inspections and over 50 GW of serviced turbines, Sulzer Schmid’s platform allows users to accurately define blade repair needs and schedule preventive measures. This results in faster, safer, and more cost-effective operations, delivering significant operations and maintenance (O&M) cost savings and increased production efficiency.
The Deal
Following a comprehensive process involving both strategic and financial investors, the team of Sulzer Schmid found a strategic partner in RES, the world’s largest independent renewable energy company. The deal is the latest example of RES’ continued drive to combine its global O&M service expertise with growing digital solutions products to help optimize the value of its customer’s assets. Sulzer Schmid’s 3DX™ technology will be integrated into RES’ digital solutions, providing comprehensive and technologically leading solutions to its customers. The acquisition aligns with RES’ strategy to combine its global O&M service capabilities with digital solutions and drive long-term success, marking an exciting new chapter for both companies.
Our Perspective
Øyvind Bjordal, Lincoln International Managing Director who led the transaction, commented, “We are witnessing strong interest from financial and strategic buyers in software companies with innovative solutions for the energy market. The sale of Sulzer Schmid to RES exemplifies how strategic buyers are leveraging M&A to complement their service offerings with cutting-edge solutions that deliver great value to their customers. We are proud to continue our leading role in this consolidation wave, uniting again two leading companies at the forefront of the global clean energy transition.”
RES
RES operates across 24 countries in wind, solar, energy storage, green hydrogen and transmission. With more than 40 years of innovation, RES has delivered 27 GW of projects globally and plans to bring another 22 GW to market in the next five years. As a service provider, RES supports 41 GW of renewable assets across 1,300 sites, offering expertise in asset management, O&M and spare parts. RES provides practical technology-based products and digital solutions designed to maximize investment and deployment of renewable energy. With a team of 4,500, RES is committed to transforming energy generation, storage, and supply, driving a clean energy future with affordable zero-carbon power for everyone.
Lincoln's deep market knowledge and strategic insights were instrumental in securing a partner like RES, a global leader who shares our commitment to digital innovation in the renewable energy sector. The deal team successfully orchestrated a highly complex transaction, and we are excited about the opportunities ahead as we become part of RES and work together to shape the future of renewable energy.
Meet our Senior Team
I enjoy leading clients and realizing their objectives, while structuring solutions to issues that are both intriguing and challenging.
Øyvind Bjordal
Managing Director | Head of Switzerland
Zurich
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.