Bladt Industries

Business Description

Bladt Industries is an international steel contractor specialising in large-scale and highly complex steel structures. Building on a tradition of craftsmanship that stretches back to 1965, Bladt Industries has contributed with expertise, knowledge and know-how to a wide range of ground-breaking projects around the globe.

Bladt Industries serves three distinct markets, providing steel solutions for the wind and renewable energy sector, the oil and gas industry, and infrastructural projects. Its main focus is on foundations and substations for the fast-growing offshore wind energy market. The product range of Bladt Industries includes foundations and substations for offshore wind turbine projects, suctions anchors, topsides and jackets for oil and gas projects as well as buildings, bridges and harbor structures for infrastructural projects.

Nordic Capital Fund VII acquired Bladt Industries in 2012. Following the acquisition by Nordic Capital, Bladt Industries will continue to grow its business and consolidate its European market position even further. The ambition is to develop a clear market leader within foundations and substations for the off-shore wind turbine industry.

In April 2018, Nordic Capital’s 2008 vintage fund, Fund VII completed the transfer of its remaining nine unlisted portfolio companies including Bladt Industri, to a continuation vehicle, Nordic Capital CV1 or "CV1". Fund VII’s original term expired in December 2017 and by this transaction, Nordic Capital took the opportunity to maximise the value creation potential of these nine companies, providing them with active support and fresh capital over an additional five-year holding period under continued Nordic Capital management.

Key Information

Revenues 2017*; **

EUR 410 million

Employees

570

Ownership

Nordic Capital Fund VII, Nordic Capital CV1

Head office

Aalborg, Denmark

Investment date

2012, 2018

* Reported; ** Incl. Metal sales