2021-12-17

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Alder II acquires AB Inventech

Alder invests in automation company AB Inventech

Stockholm - December 17th, 2021 - Alder II AB ("Alder"), a Nordic investment fund focusing on the development of environmentally sustainable companies, has closed an investment in AB Inventech A/S ("AB Inventech", or the "Company"). Alder will become the majority owner of AB Inventech and will partner with the Company's founder and management to continue the growth journey.

AB Inventech, founded in 1989, is a leading supplier and provider of automation applications and processes, primarily for global wind turbine blade manufacturers. With an attractive product and service offering, AB Inventech adds value to its customers by improving productivity, quality, work environment safety and cost of production through automation and professionalisation of manufacturing processes.

The wind turbine industry is growing, fuelled by structural market drivers of increasing energy demand, environmental focus, and consensus of its importance as a source for power generation long-term. Market trends of growing investments in wind turbine capacity, blade technology development and automation and professionalisation of production drive demand for AB Inventech's products and services.

As the new majority owner, Alder will provide capital, experience, and support to enable AB Inventech to continue its growth journey internationally.

"We are impressed by the quality products and services supplied by AB Inventech under Arne Bech's and Niels Kirkegaard's management. The Company has built up considerable expertise and insight into the manufacturing of wind turbine blades, and we see a need for their knowhow and technologies as wind turbine blade manufacturing becomes increasingly complex. We are keen to enter into partnership with the skilled management team at AB Inventech to support them in their future international growth."

says Jonas Frick, co-founder and partner at Alder

"With Alder as majority shareholder, we now have a strong and active partner with whom we can strengthen AB Inventech's presence on the international markets within automation solutions for the wind turbine industry. This will go a long way towards meeting the wishes of our international customers."

says Niels Kirkegaard, CEO of AB Inventech.

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About AB Inventech A/S

AB Inventech A/S is a recognised player in the automation industry and as a supplier of specialist machines - in Denmark and internationally. AB Inventech A/S focuses in particular on production equipment for the manufacturing wind turbine blades and handling industrial composite fibres. In recent years, the carbon fibre reinforcement of wind turbine blades has been a key growth area for the company, which is now world-leading within the field. AB Inventech A/S has approximately 100 employees and is based in Ikast in Jutland.

For more information, visit www.ab-inventech.dk

About Alder

Alder II AB is a Nordic investment fund with the goal of creating the best possible conditions for long-term development of sustainable technology and service companies. With a mix of industrial and financial expertise and with the interest in entrepreneurship as a driving force, Alder creates profitable growth in close companionship with our companies.