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Integrated Wind Solutions lists on Euronext Growth Oslo


Oslo, 25 March 2021 – The offshore wind service company Integrated Wind Solutions has today been admitted to trading on Euronext Growth (ticker code: IWS).

“A fast-growing offshore wind industry is a must if Europe, and the world as such, are to have realistic expectations in reaching the Green Deal ambitions within the next few decades. Our goal is to be a preferred service provider for wind turbine OEMs and owners of the wind farms,” says Lars-Henrik Røren, CEO of Integrated Wind Solutions.

Recently, the company raised NOK 700 million through issuing new shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 750 million. The share offering attracted strong interest from leading domestic, Nordic and international institutional investors, and was well oversubscribed, announced Integrated Wind Solutions.

Integrated Wind Solutions is integrating service operation vessels with engineering and manpower services in a windfarm’s construction and operations phase.

“We believe our state-of the-art purpose-built ships and adhering services will be instrumental in ensuring maximum uptime, power output and financial returns on offshore wind turbines for their owners,” says Røren.

The shares in the new issue were sold at NOK 40.00 corresponding to a market capitalisation of NOK 700 million.

About Integrated Wind Solutions  Integrated Wind Solutions AS is an offshore wind service company established by the Awilhelmsen Group. Integrated Wind Solutions aims to be a leading offshore wind service player by integrating service operation vessels with engineering and manpower services in the windfarm’s construction and operations phase and has, through subsidiaries, entered into two newbuild construction contracts for the construction of two Wind Farm Support Vessels plus options for additional four such vessels. 

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