- Full Circle has today, 7 October 2024, been acquired by Renew Holdings plc, a UK-based engineering services company.
- Renew is a publicly traded company based in Leeds, UK, and specialises in engineering services for critical infrastructure. Renew includes eleven other companies across diverse sectors in its portfolio.
- Full Circle will trade as an independent entity while benefiting from Renew’s resources and expertise, ensuring continuity in day-to-day operations.
Full Circle Wind Services, the independent, multi-brand wind turbine services provider serving the UK and European onshore wind markets, is announcing that, effective October 7th 2024, it has been acquired by Renew Holdings plc., replacing Full Circle’s previous investor, AtlasInvest, along with other minority shareholders.
Renew is a publicly listed engineering services group with a focus on maintaining and renewing critical infrastructure networks. Based in Leeds, UK, Renew owns eleven other companies within its diverse portfolio, spanning four key sectors of energy, environmental services, rail and infrastructure.
Full Circle will remain an independent company, supported by the expertise and resources of Renew. There will be no changes to day-to-day activities, allowing the company to uphold its commitment to empowering the energy transition through innovation, leadership, and partnership and offering high-quality holistic wind turbine maintenance solutions.
“This move marks an exciting new chapter for Full Circle, unlocking even greater potential for expansion. It reflects the market’s confidence in the exceptional business results we have achieved in recent years. We are fully confident that this change will further strengthen Full Circle in its pursuit of growth as a business and organization in the renewable industry. With the support of Renew, we will have the resources and backing needed to accelerate our long-term goals, all while ensuring there is no disruption to our day-to-day operations.”
– Billy Stevenson, CEO, Full Circle Wind Services
“We are delighted to welcome Full Circle to Renew family. This acquisition represents an exciting opportunity for the group to enter the wind services market across the UK and Europe. Full Circle operates a scalable technology-enabled platform across a diverse customer base. Its proven track record in its core markets and highly experienced management team provide Renew with an exceptionally strong platform in renewables and huge potential in the near term.”
– Paul Scott, CEO, Renew Holdings plc
About Full Circle
Full Circle is a specialist wind turbine services group, with expertise in operations, maintenance, and repair. It has more than two decades of international experience managing hundreds of onshore wind turbines, delivering an outstanding average availability worldwide. Headquartered in the Netherlands and with offices in the UK, Italy, Greece and France, Full Circle operates across Europe, North America and South Asia, with two 24/7/365 remote monitoring control rooms in the Netherlands and India. The company was created in 2021 as a demerger from wind turbine manufacturer EWT, to combine OEM best practices and engineering capabilities with the flexibility of an independent service provider. Full Circle is a 100% subsidiary of Renew Holdings plc.
Contact information
press@fullcirclewindservices.com
About Renew Holdings plc.
Renew is a leading UK Engineering Services business, performing a critical role in keeping the nation’s infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce.
Renew’s activities are focused on Engineering Services in the key markets of Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.
For more information please visit the Renew Holdings plc website: www.renewholdings.com
