Global engineering consultancy snaps up Bristol wind and solar energy specialist
Global engineering, design and sustainability consultancy Ramboll has acquired wind and solar energy consultancy K2 Management, which has its UK office in Bristol, to boost its wind division.
The acquisition strengthens Ramboll’s ability to provide services to clients worldwide across all stages of wind energy projects by combining Ramboll’s extensive experience in design and execution of wind projects with K2 Management’s proficiency in strategic advisory and project development.
Following the acquisition, Ramboll’s global wind division encompasses over 900 experts across 20 countries, adding now also new local presences in Vietnam, Thailand, Taiwan, and Portugal. With the new setup, Ramboll is making significant progress towards its target of expanding its global wind business to over 1,000 experts by 2025 in response to growing demand on the global wind market.
“We are very excited to be welcoming K2 Management’s experts to Ramboll. Wind energy is one of the main enablers of the green energy transition and as the Partner for Sustainable Change with more than 30 years of experience in the industry, Ramboll is committed to playing a pivotal role in the advancement of the wind sector worldwide. Right along COP28’s initiative ‘Double Down, Triple Up, Time4Action’, we are now ramping up our capacity and broadening our expertise to meet the demands of our clients worldwide,” says Tim Fischer, director for Ramboll’s global Wind division.
Over the last three years, Ramboll successfully developed its wind business from a primary foundation designer to a full-service wind consultancy combining advisory and engineering services. During that period, the division has been growing annually by approximately 25% and significantly expanded its global footprint, opening offices in the US, Poland, Spain, the Netherlands, Japan, Korea, and Australia.
“By merging Ramboll’s decade-long engineering and design skills in wind projects with K2 Management’s leading role in project development and strategic advisory, our clear ambition is to create a true global leader that is well-positioned to support our clients in all phases of wind energy projects globally. It is no secret that talent is scarce in these highly specialised areas, which is why welcoming such a great team of experts to Ramboll all at once is a major milestone. Together, we will take the next big leap in the green energy transition, supporting clients all over the world,” Fischer says.
For Lars K Hammershøj, co-founder of K2 Management, the acquisition also brings great opportunities to the company.
“With offices on five continents, K2 Management already operates a cross-border approach to cater to the global need for high-end advisory to developers, lenders and investors in green energy. By joining Ramboll, we will deliver more innovative, holistic, and sustainable solutions. We can also provide even greater career opportunities for our talented employees. I am confident that our similar mission, purpose, and culture, driven by our shared passion and high standards, will enable a smooth integration of our teams,” he says.
The closing of the transaction is subject to customary regulatory approval.
