CS Wind has closed the acquisition of Bladt Industries with Joseph Oh taking on the role of chief executive and Henrik Olesen, the role of co-chief executive.
Oh (pictured), who replaces Michael Glavind, chief executive since April 2023, has been with CS Wind for 14 years, where he has held the positions of senior vice president of market intelligence and chief sales officer.
Glavind will stay with the company as an advisor until the 31 December 2023.
Today’s closing of the acquisition, which was announced on 10 July 2023, is the first step in integrating Denmark’s Bladt Industries into the CS Wind family said the company.
Olesen brings “significant experience” from executive positions in several international businesses, including Vestas and Danfoss, CS Wind added.
One of the main priorities of the company, following the acquisition’s finalisation, is to further develop and strengthen the key production sites in Denmark – at both Lindo and Aalborg – securing the ability to supply future demand for the global wind-power industry.
This will require the recruitment of further skilled labour as the company’s strategy is adjusted to the new global organisation it said.
“Welcoming Bladt’s expertise, valuable production traditions, and workforce in our family, our united goal extends beyond achieving ambitious growth,” said CS Wind chairman Seong-Gon Gim.
“It’s about strengthening our global presence, which includes integrating Bladt’s expertise into the CS Wind family and leveraging our worldwide supply chain and production capabilities,” Gim added.
“Our vision is to strengthen and elevate the global appeal of our products and accelerate the green transition.
“Integrating Bladt into CS Wind’s international ‘value and supply chain’ will enhance efficiency, delivering increased value to customers, investors, and partners.
“This will further drive our global expansion, boost sales, and enhance value creation as we optimise our production facilities.”
Oh added: “With Bladt Industries’ tradition of quality and decades of manufacturing experience combined with CS Wind’s global experience, our goal is to drive innovation, value creation, and global sustainability – as well as strengthening our products and solutions in the global market.
“I anticipate integrating our new colleagues into our global operations as we enhance production capabilities in Denmark, actively responding to the increasing global demand for sustainable energy solutions.
“Together, we’ll ensure Bladt’s offerings become even more sought-after globally.”
Olesen said: “I am delighted to join Bladt and CS Wind at this exciting and pivotal moment.
“With the acquisition finalised, we can now focus on integration and shaping a dynamic global team.
“I look forward to contributing to delivering top-tier products and ensuring timely deliveries for our customers.
“In the upcoming months, we will intensify our recruitment efforts for our key production sites in Denmark, Lindo and Aalborg, offering compelling job opportunities for skilled professionals to be a part of our innovative journey.”
With the acquisition, the former board has stepped down, and a new board has been appointed, consisting of chairman of the board Seong-Gon Gim, Knud Bjarne Hansen, Henrik Olesen and Kyoo Deuk Hwang.
The three employee elected board members, Kristian Kærsgaard, Louise Vinter Barslund and Claus Lund Uhrenholt, will continue in the new board of directors.