17. February 2022
CataCap has acquired 65 per cent of the Danish high-tech company Nordmark, which is a global market leader within high precision machining and processing of components to the biggest wind turbines on the market, especially offshore. Nordmark has three factories in Denmark and one factory in northern Germany in the harbor city of Cuxhaven. The current management consisting of Morten Mørk, Michael Jacobsen and Jens Karkov Jakobsen will continue in their respective roles and remain significant shareholders.
”We see enormous growth potential in Nordmark. The company is well-positioned in a market that requires unique competencies and special know-how to manage the size of the components, extreme demands for precision and complicated logistics. We look forward to further strengthening its position in the global offshore market which is projected to grow significantly in the coming years” says Jens Hahn-Petersen, partner in CataCap.
Ambition to take market shares in Europe and US
According to Deloitte the offshore wind market in Europe and US is projected to grow at 26 per cent per year towards 2026. Nordmark has the expertise, technology, and logistics to deliver to both markets and future offshore wind platforms which in the coming years will consist of wind turbines with a capacity of more than 20 MW and a wingspan of more than 250 meters.
”We have had a long and very positive dialogue with CataCap. Now the time is right in terms of taking the next step for Nordmark. Together with CataCap we will ensure that we have the capacity to help our customers to deliver for the offshore wind platforms that are planned in the next couple of years. We are investing in new machinery and personnel which will gear our organization to meet the increased demand in both Europe and the US,” says Morten Mørk, CEO of Nordmark.
CataCap has been assisted by Accura, Deloitte, Monitor Deloitte, McKinsey, and The Footprint Firm as legal, financial, commercial and ESG advisers, respectively. This is CataCaps 13th investment.
Nordmark has been advised by Atrium Partners and Andersen Partners.