A London firm that makes parts for wind turbines is today preparing for a £40 million listing on junior market AIM.
Windar Photonics owns the technology after spending £32 million buying a Danish company which makes a gadget used to measure wind speed and direction on top of each turbine with a view to increasing power output.
Six out of the top eight wind park operators in the world, including e-on and China’s TSP, have installed Windar’s technology. Now the company is planning to have its shares admitted to trading on AIM.
Martin Rambusch, chief executive of Windar, said: “We are pleased to reach this stage of the transaction and look forward to building our presence on AIM”. The company was advised on the deal by West Hill Corporate Finance.
