Amara NZero acquires Cavycar, specialized in the wind energy market
The Spanish multinational Amara NZero, owned by ProA Capital, a specialist in sustainable energy and an integral supplier of products and services for projects related to the energy transition, has acquired a majority stake in the company Cavycar, specialized in the supply of components and services for the wind energy market.
With this acquisition, Amara NZero seeks to add capabilities and strengthen its know-how in wind energy, entering the first link in the value chain of wind turbine manufacturing and expanding its offer. This will boost its activity in this sector in Spain, Brazil, Mexico, USA and Asia.
Cavycar's customers include the world's leading wind turbine manufacturers, to whom it supplies all the materials required for the manufacture and assembly of the machines, with the exception of large components. Although they represent a minor part of the final cost of a wind turbine, any problem with their supply can be critical in the production process, which is why the high quality of service provided by Cavycar is essential for its customers. The GARRIGUES legal team has advised the buyer.
On the other hand, the sellers have been advised by MAINSPRING PARTNERS as financial advisor and BAUM and ONTIER, as legal advisors of the transaction.
