Wind turbine on road

Sale: Altitec Blade Services

Matteo Timpani, Hazel Lucian
17/01/2022
Wind turbine on road
Crowe advises Altitec Blade Services on its sale to Swire Renewable Energy

Swire Renewable Energy, is a renewable energy inspection, repair, and maintenance business owned by the Swire Group. It has significantly widened its blade repair and maintenance capabilities with the strategic acquisition of Altitec.

Established in 2008, Altitec is a wind turbine rotor blade inspection, repair and maintenance company operating from offices in the United Kingdom, Germany, Australia and South Africa. Led by co-founder Tom Dyffort Altitec is an expert in its field, with a highly skilled and knowledgeable workforce. The company offers a comprehensive suite of onshore and offshore wind turbine blade services to wind farm owners, turbine OEM’s, insurers and other participants in the wind power generation industry.

Crowe’s role and team

Crowe acted as lead adviser to the shareholders of Altitec. The Crowe team was led by Matteo Timpani with support from Hazel Lucian.

Client quote

"I met Matteo a number of years ago by recommendation to speak about the future of my company, and the pros and cons of a sale to interested parties who wanted to invest in Altitec. Matteo, Hazel and the Crowe team were incredibly hard working alongside our legal advisors and ourselves and guided us through what ended up being a long and complex process. Their commitment to the project and advice throughout was invaluable!"

Tom Dyffort, Founder and Managing Director, Altitec

Our recent deals

Insert Clear Filter Text
loading gif
Close up of lock keys
Admission: Chaleit Holdings plc (AIM)
Crowe acted as Reporting Accountant on Chaleit Holdings plc's £2.1 million placing, subscription and admission to trading on AIM.
Oil rig at sunset
Admission: 1947 Oil & Gas PLC
Crowe provided reporting accountant services for 1947 Oil & Gas Plc's acquisition of Renaissance Offshore LLC and AIM admission.
An engineer in a security vest and hat inspecting a site
Sale: Plantexpand Limited
Crowe provided sell-side transaction support to Plantexpand on its sale to Premius Capital.
Woman and man looking at large screen with data
Acquisition: Just Welfare Limited
Crowe acted as financial due diligence and tax due diligence advisors to Acquisan Limited.
Female-worker-with-hi-vis-and-clipboard
Sale: Just Welfare Limited
Crowe acted as lead advisors to the shareholders to Just Welfare Limited.
Blue bridge
Acquisition: Frenkel Topping Group plc
Crowe acted as financial and tax due diligence adviser to Harwood, and also provided tax structuring advice.
person-walking-down-curved-stairs
Acquisition: Astra Holding Group Limited
Crowe provided financial and tax due diligence services to Astra on its acquisition of DNH.
two ladies chatting with laptop
Investment: Ivy House Learning Ltd
Crowe completed both financial and tax due diligence for Ama Capital in respect of this investment in Ivy House Learning Ltd.
Two engineers working on a roof
Investment: Xburo Holdings Limited
Crowe provided Financial and Tax Due Diligence services to Chiltern Capital on its investment into Xburo.
Woman at till with Ipad in shop
Reverse Takeover: Silverwood Brands PLC
Crowe provided reporting accountant services to Silverwood Brands PLC on its acquisition of Balmonds Skincare Ltd and re-admission to the AQSE.
woman on her ipad with laptop
Acquisition: Ambico Services Limited
Crowe provided financial and tax due diligence to Dynamic Networks Group Holdings Limited on its acquisition of Ambico Services Limited.
Woman on podcast
Investment: Ethos Partners LLP
Crowe provided financial and tax due diligence on behalf of Ethos Partners LLP in respect of this investment.
Close up of lock keys
Admission: Chaleit Holdings plc (AIM)
Crowe acted as Reporting Accountant on Chaleit Holdings plc's £2.1 million placing, subscription and admission to trading on AIM.
Oil rig at sunset
Admission: 1947 Oil & Gas PLC
Crowe provided reporting accountant services for 1947 Oil & Gas Plc's acquisition of Renaissance Offshore LLC and AIM admission.
An engineer in a security vest and hat inspecting a site
Sale: Plantexpand Limited
Crowe provided sell-side transaction support to Plantexpand on its sale to Premius Capital.
Woman and man looking at large screen with data
Acquisition: Just Welfare Limited
Crowe acted as financial due diligence and tax due diligence advisors to Acquisan Limited.
Female-worker-with-hi-vis-and-clipboard
Sale: Just Welfare Limited
Crowe acted as lead advisors to the shareholders to Just Welfare Limited.
Blue bridge
Acquisition: Frenkel Topping Group plc
Crowe acted as financial and tax due diligence adviser to Harwood, and also provided tax structuring advice.
person-walking-down-curved-stairs
Acquisition: Astra Holding Group Limited
Crowe provided financial and tax due diligence services to Astra on its acquisition of DNH.
two ladies chatting with laptop
Investment: Ivy House Learning Ltd
Crowe completed both financial and tax due diligence for Ama Capital in respect of this investment in Ivy House Learning Ltd.
Two engineers working on a roof
Investment: Xburo Holdings Limited
Crowe provided Financial and Tax Due Diligence services to Chiltern Capital on its investment into Xburo.
Woman at till with Ipad in shop
Reverse Takeover: Silverwood Brands PLC
Crowe provided reporting accountant services to Silverwood Brands PLC on its acquisition of Balmonds Skincare Ltd and re-admission to the AQSE.
woman on her ipad with laptop
Acquisition: Ambico Services Limited
Crowe provided financial and tax due diligence to Dynamic Networks Group Holdings Limited on its acquisition of Ambico Services Limited.
Woman on podcast
Investment: Ethos Partners LLP
Crowe provided financial and tax due diligence on behalf of Ethos Partners LLP in respect of this investment.