US wind energy technology company SkySpecs has acquired European companies Fincovi and Vertikal AI.
Fincovi is active in financial asset management and Vertikal AI delivers predictive maintenance for wind power.
SkySpecs said the combined entity brings together data insight and automation to help wind farm owners and operators to optimally invest in, maintain and manage assets.
SkySpecs chief executive Danny Ellis said: “Our global customers are facing critical challenges when it comes to budgeting and maximising the life and returns of their assets as the wind industry matures.
“We are thrilled to join forces with these two great companies to equip global wind customers with the tools to best utilise capital and keep a pulse on their assets’ health and performance.
“Our vision requires world-class data, predictive insight and automation.
“Collectively, we will help wind farm owners and operators to best invest in, maintain, and manage the world’s top-performing wind assets.”
Fincovi chief executive Ray O’Neill said: “There is an incredible opportunity to integrate operating data with financial data to provide better insight into asset investment.
“Our team can’t wait to combine our capabilities to help wind farm owners decide how to invest their next dollar.”
Vertikal AI chief executive Allan Larsen said: “We use data analytics and applied AI to optimize the real-time health of wind turbines.
“Joining with SkySpecs will enable us to deliver our predictive maintenance software to the market – at scale – for the greatest performance impact with wind producers.”