Envision snaps up Norwegians

Chinese manufacturer Envision has acquired Norway’s smart wind turbine technology company BazeField with the aim of boosting both companies presence in the digital energy market.

Under the terms of the agreement, BazeField will continue to operate independently, said Envision executive director Felix Zhang.

“The independence of BazeField is important for the success of this partnership,” he said.

“With Bazefield operating independently, customers will have more choice and BazeField will have the autonomy it needs to continue its development efforts.

“The acquisition will provide the resources and support for BazeField to further develop its state-of-the-art technology, and provide better products and services to its global clients.

“The synergies and complementary technologies between Envision and BazeField will create a partnership that will drive forward growth and innovation for both companies.”

Zhang said the digital energy technology market requires more partnerships and cooperation in order develop further.

Blazefield chief executive officer Sigurd Juvik said: “We decided we would need a partner to grow with.

“The companies have a similar vision for smart energy technology and the partnership offers us the resources and industry insights that will accelerate our product development and entry into new market regions.”

The companies said once the acquisition is complete, customers will be able to use the same technology platforms they have chosen from Envision or BazeField.

Image: Envision wind turbines (Envision)