15 September 2020
KK Wind Solutions, acquires Gram & Juhl to further accelerate and strengthen its capabilities and offerings within digital solutions.
Gram & Juhl is an industry-leading supplier of condition monitoring solutions for wind turbines under the brand Turbine Condition Monitoring, TCM®. Building on more than 20 years of experience and having equipped +23,000 turbines worldwide, the company has cemented its position as a true pioneer within condition monitoring. Gram & Juhl delivers unique digital solutions for early failure detection of costly components such as gearboxes, main bearings and generators.
“Gram & Juhl is a remarkable company with an impressive track record, and their unique capabilities within condition monitoring are unprecedented in our industry”, says Chlinton A. Nielsen, Chief Executive Officer, KK Wind Solutions and continues:
“The acquisition offers significant strategic value, as it will add a broader digital product offering and enhance our capabilities within condition monitoring, sensors and cloud-based services, while expanding our opportunities in the aftermarket segment. We strongly believe that customers of both companies will benefit from this acquisition, as we further invest and advance within digital solutions to deliver world-class end-to-end wind turbine technology and systems”.
In the month to come, KK Wind Solutions will ensure a continued and consistent operation of Gram & Juhl, and carefully start integrating the company, making the transition as seamless as possible for both customers and employees. The two founders Axel Juhl and Klaus Gram-Hansen will continue in the company and support KK Wind Solutions in expanding the digital solutions area.
“We are very pleased about the acquisition by KK Wind Solutions and want to ensure a good transition with respect for customers and our employees. KK Wind Solutions brings in very strong technical capabilities, scale and financial strength to accelerate the development and application of condition monitoring in turbines systems across the world ”, says Axel Juhl, Co-founder & CEO, Gram & Juhl and continues:
“Together with all of the Gram & Juhl employees, I look forward to us joining KK Wind Solutions on this exciting journey”.
Gram & Juhl was founded in 1997 by Klaus Gram-Hansen and Axel Juhl, based on the founders’ core competencies within digital signal processing. Over the years this has evolved to advanced solutions for condition monitoring of wind turbines comprising electronics, firmware and large server software installations as well as monitoring and cloud services.
Employing more than 35 highly skilled people from their headquarter in Denmark, Gram & Juhl is also present in Germany and the US. Gram & Juhl delivers globally to OEM’s and utilities as Siemens Gamesa, MHI Vestas, Shanghai Electric, Ørsted, Vattenfall, Enel Green Power and many more.
The parties have agreed not to disclose the price or other terms of the acquisition which will be effective from October 1st, 2020.
Kenneth Damm Hansen
Marketing & Communication Manager
Phone: +45 24 76 37 99
KK Wind Solutions acquires Gram & Juhl