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Integrated Wind Solutions AS ( (DE:9UG1) ) just unveiled an announcement.
Integrated Wind Solutions’ 75%-owned subsidiary IWS Services has combined its ProCon Group unit with Norwegian engineering firm Hyndla in an all-share merger, creating a leading integrated provider of electrical engineering, cable management, and installation services for offshore wind transition pieces and substations under the ProCon brand. IWS Services now owns 52.5% of the merged entity and all voting rights, positioning the business to capture greater share in a growing offshore wind market by offering end-to-end electrical solutions that aim to cut project risk and costs, with ambitions to more than double revenue by 2030; however, legacy loss-making offshore substation contracts will weigh on results into the first half of 2026, with management guiding for a return to revenue growth and improved earnings in the second half of 2026 and a flat full-year 2026 top line for the combined company.
More about Integrated Wind Solutions AS
Integrated Wind Solutions ASA is a listed Norwegian offshore wind services company that operates a fleet of commissioning service operation vessels and provides related supply-chain services to the offshore wind industry. Through majority-owned subsidiaries, including IWS Fleet and IWS Services, as well as a significant stake in advisory and data intelligence firm PEAK Wind Group, the company targets the full lifecycle of offshore wind projects with a focus on marine operations, electrical infrastructure, and project optimisation.
Average Trading Volume: 120
Technical Sentiment Signal: Buy
Current Market Cap: €179.6M
For detailed information about 9UG1 stock, go to TipRanks’ Stock Analysis page.