With the acquisition and integration of the wind division of Ymer Technology, the Danish industrial company HydraSpecma has created a strong platform for future growth and has strengthened its position as a development partner for a number of leading turbine manufacturers. HydraSpecma expects significant growth in the wind turbine industry from 2025 and sees great prospects in the COP28 climate agreement.
Significantly more wind farms will be established on land and offshore in the coming years, and the Danish industrial company HydraSpecma is now seriously ready for growth in the company's Renewables division. The company has strengthened its position as a supplier to the wind turbine industry after the successful integration of the Swedish industrial group Ymer Technology's wind division, which was taken over on February 1, 2023. At the same time, a targeted strategic focus on becoming a leading development partner for the wind turbine industry means that HydraSpecma has already increased its turnover in the area. The potential is even greater in the coming years – not least in light of the new climate agreement from COP28 in Dubai, where the parties agreed to triple renewable energy by 2030.
HydraSpecma's Renewables division covers a wide range of wind turbine industry needs within the development and production of systems for cooling, lubrication, filtration and pitch regulation as well as hoses and pipeline products. In the coming years, the company will benefit from the fact that customers increasingly want suppliers who help develop solutions within, among other things, technology, assembly and modules. In addition, HydraSpecma's solutions can also be used in connection with solar cell systems and Power-to-X projects.
- We are already seeing great interest in our products, and we expect significant growth in the wind turbine industry from 2025. We are now ready to increase activity, as we have both the capacity and the skills to meet customer expectations and can deliver total solutions globally, where we are involved all the way from the development of prototypes to series production, says CEO Morten Kjær from HydraSpecma.
At HydraSpecma, we have been specialists in lubrication and filtration systems as well as pitch hydraulics for many years, but with the integration of Ymer Technology's wind division, cooling of, among other things, gears, converters and generators as well as conditioning of wind turbine nacelles have become part of the company's business area.
– This means that we have a strong platform for growth, because our customers, who are all leading Western turbine manufacturers, are taking more responsibility in the value chain and want to cooperate with suppliers who have the necessary skills. At the same time, we have a flexible and global production system that makes us attractive to cooperate with, says Morten Kjær.
Has strong industrial conglomerate backing
It has required great patience to be a subcontractor to the wind turbine industry in recent years, as several projects have been postponed. HydraSpecma therefore sees the acquisition as a long-term investment, and it has been possible due to the special ownership in the industrial conglomerate Schouw & Co.
– Although the growth in the wind turbine industry in recent years has been more subdued than many had imagined, we see significant potential in the industry. The need for renewable energy is growing in the coming years, and everything indicates that within the foreseeable future we will see a large increase in the number of wind farms – both onshore and offshore, says Jens Bjerg Sørensen, CEO of Schouw & Co. and Chairman of the Board of HydraSpecma, and adds:
– We did not buy Ymer Technology's wind division in the expectation of a quick profit, because we always invest for the long term. We have the financial strength to make ongoing investments in our companies that provide a return in the long term, and we have high expectations for the development of HydraSpecma, which can now collaborate with customers to a much greater extent on total solutions.
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