SCADA International partners with Magnesium Capital to accelerate its growth
SCADA International (SCADA Holding and the companies in the group) secures investment from London-based Energy Transition investor, Magnesium Capital LLP. "The new partnership perfectly supports our mission of providing future-proofed SCADA and control solutions for the renewable industry," says CEO at SCADA International, Thomas Bagger.
SILKEBORG, DENMARK — April 7, 2022 —SCADA International has entered into an
agreement to be acquired by funds advised by Magnesium Capital LLP (“Magnesium”) and upon closing, will become part of Magnesium’s portfolio of fast-growing technology and tech-led service businesses that are enabling the Energy Transition. The SCADA International management team is reinvesting alongside Magnesium and will retain a significant minority position in the Company. Executive Capital, who has been shareholders since 2010, has sold all its shares in the Company as part of this transaction. The transaction is subject to regulatory approvals.
With the global renewable electricity capacity forecast to rise to more than 4800 GW by 2026, the partnership with Magnesium will support SCADA International's ambitious growth plans by providing it with the financial resources, operational expertise, and strategic oversight as the Company aims to expand geographically, execute on acquisitions, accelerate product development, and penetrate new market verticals.
At SCADA International, they are very pleased with the new partnership:
"For the past 12 years, we have been on a fantastic growth journey with Executive Capital as a significant shareholder. The renewable industry evolves at an accelerating speed, which means that the need for the flexible and future-proofed SCADA and control solutions that we provide are in high demand. So, it is important for us to keep innovating and expanding to meet the needs of our customers. With Magnesium Capital, we now have a partner with vast experience in strategy support within our core market as well as the financial backing to respond to present and future customer requests. For us, this is a perfect strategic fit" says Thomas Bagger, CEO at SCADA International, and continues:
"We are now more than ever able to seek new opportunities and grow with our customers in the best of ways"
Torben Bjerre-Madsen, Chairman of the SCADA International Group and partner in Executive Capital adds: “It has been a long and exciting journey. Since we started working together with Thomas and the team of SCADA International, turnover has increased almost four times and product, customer, and geographic scope have increased substantially. I am sure that SCADA International under the new ownership and with strong management can continue their impressive journey.”
The collaboration will ensure better conditions for renewable plants' performance
Since its foundation in 2006, SCADA International has dedicated its investment and attention to providing SCADA software, SCADA hardware, and consulting services to OEMs, assets owners, and utilities worldwide. The aim is to ensure the optimized performance of renewable energy plants.
SCADA International's experience in plant optimization fits well with Magnesium’s investment strategy pursuing investments in exceptional companies with tech-led solutions that have strong growth prospects, clear value propositions and that play a key role in the decarbonization of the grid. As such, the decision to invest in SCADA International came rather naturally:
"We are excited to partner with the SCADA International team who over the last two decades has successfully grown from the leading industrial control systems provider to the wind energy industry to a world-class technology partner to the World’s most demanding renewable asset owners through proprietary SCADA systems and best-in-class software solutions. The team has a proven track record, a market-leading position, and a history of delivering value-adding solutions to customers worldwide, which makes it an attractive platform for future growth. We are looking forward to working with Thomas and his team in this next phase of SCADA International’s journey," says Matts Lundgren at Magnesium Capital.
Thomas Bagger also believes that the partnership is the ideal match for SCADA International: "We strive to empower the renewable future through our solutions and expertise. Their ambition fits this mission, and I am certain that we together can achieve great success in our joint path of the future," says Thomas Bagger.
Tarah WhitePressMagnesium Capital LLPTel:+44(0) 203 786 firstname.lastname@example.org
Kasia Kandulski LindegaardSCADA InternationalTel:+45 60 58 06 email@example.com
About SCADA International
About SCADA International
SCADA International empowers the renewable energy sector through unparalleled SCADA expertise. Our highly skilled specialists support the complete SCADA value chain,and we act as a trusted partner from inspection and design to hardware production and installation, surveillance, and maintenance.
Our intelligent solutions make reliable data from various sources available in real-time to customers worldwide. We believe in flexibility and interoperability across assets and technologies, and our 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. Our expertise also lies within power regulation, and we provide flexible solutions that enable our customers to control multi-assets, PtX, and battery storage in one unified system.
We strive to reduce complexity and provide our customers with solutions that optimize performance and competitiveness.
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.
About Magnesium Capital
Magnesium Capital is a London-based growth-oriented private equity firm that invests in fast-growing technology and tech-led businesses that are transforming the way we produce, distribute and consume energy & resources. The firm has a flexible investment approach and looks to partner with exceptional management teams to provide capital and strategic support to companies looking to accelerate their growth and enable the ongoing energy transition.
Subscribe to releases from SCADA International
Subscribe to all the latest releases from SCADA International by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from SCADA International
Energi Danmark vælger SCADA International som leverandør af nyt softwaresystem til elhandel5.4.2022 09:16:01 CEST | Pressemeddelelse
Energi Danmark og SCADA International har indgået et nyt samarbejde om levering af et nyt fremtidssikret ETRM-system. Målet er at optimere planlægningen af elhandlen og dermed bidrage til bedre vilkår for aktørerne i energimarkedet og den grønne omstilling.
SCADA International ønsker at sænke omkostningerne til grøn energi med deres nye Solar PV Data Tag-List22.3.2022 08:04:00 CET | Pressemeddelelse
SCADA International lancerer en ny Solar PV Data Tag-List som led i deres mål om at skabe en standardising på tværs af data og kommunikationssystemer indenfor vedvarende energi. Listen kommer som en udvidelse af den eksisterende Global Wind Data Tag-List, som den Silkeborg-baserede softwarevirksomhed i flere år har stillet til rådighed til aktører i energibranchen verden over. Den nye liste er et stort skridt på vejen til at skabe bedre forudsætninger for en grønnere fremtid, siger CEO i SCADA International, Thomas Bagger.
SCADA International vinder første hybride projekt med VSB Group i Finland4.11.2021 09:00:53 CET | Pressemeddelelse
VSB Uusiutuva Energia Suomi Oy, den finske afdeling af tyske VSB Group, har indgået et samarbejde med SCADA International om en kontrolløsning til et nyt projekt i Finland. SCADA Internationals OneView® Energy Control Unit bliver leveret som en del af løsningen.
SCADA International vinder endnu en kontrakt med Vestas Wind Systems A/S11.5.2021 07:25:00 CEST | Pressemeddelelse
Den internationale leverandør af løsninger inden for vedvarende energi, SCADA International, skal i perioden 2021-2023 levere dygtige og erfarne SCADA teknikere til at supportere installation af SCADA systemer til Vestas Wind Systems A/S på tværs af Europa.
BayWa r.e. fremtidssikrer deres vindmølleparker med den nyeste OneView® løsning fra SCADA International23.3.2021 09:00:00 CET | Pressemeddelelse
Opgraderingen af OneView® giver adgang til nye funktioner og faciliteter nu og i fremtiden, da løsningen er baseret på den mest innovative og opdaterede teknologiplatform på markedet.