Sale: Obelisk Energy Services
Swire Renewable Energy, the renewable energy inspection, repair, and maintenance business owned by the Swire Group, has entered the emerging African renewable energy services market, as well as gained a presence in the Irish renewable energy sector, with its acquisition of the Obelisk renewable energy services group companies.
Since 2010, Obelisk has supported renewable energy development sites and windfarms in South Africa and has become a leading supplier of high-quality maintenance, testing and support services. The company provides wind measurement services, HS&E advisory services, statutory inspections, operational maintenance services and blade and tower services, as part of its product portfolio.
Crowe’s role and team
Crowe acted as lead adviser to the shareholders of Obelisk. The Crowe team was led by Matteo Timpani with support from Hazel Lucian.,/p>
Client quote
“Obelisk has developed a sound reputation for providing quality services in South Africa and other countries on the continent. We are very much looking forward to integrating with Swire Renewable Energy and expanding our service range and expanding the business in South Africa, and other African countries, I would like to thank Crowe for the invaluable guidance and support during the M&A process.”
Riccardo Buehler, Managing Director, Obelisk
