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Integrated Wind Solutions lists on Euronext Growth Oslo


Oslo, Norway – WEBWIRE

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. 

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
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