CataCap invests in a global market leader within machining of large-scale components for the wind energy industry

16 February 2022

CataCap invests in the Danish company Nordmark which specializes in high precision machining solutions of large-scale components up to 120 tons for the wind energy industry, primarily off-shore. CataCap will become majority shareholder in the company. Together with the company’s current management, who will continue as significant minority shareholders, CataCap will consolidate Nordmark’s strong market position and further accelerate growth abroad.

CataCap invests in the Danish company Nordmark which specializes in high precision machining solutions of large-scale components up to 120 tons for the wind energy industry, primarily off-shore. CataCap will become majority shareholder in the company. Together with the company’s current management, who will continue as significant minority shareholders, CataCap will consolidate Nordmark’s strong market position and further accelerate growth abroad.

CataCap has acquired 65 per cent of the Danish high-tech company Nordmark, which is a global market leader within high precision machining and processing of components to the biggest wind turbines on the market, especially offshore. Nordmark has three factories in Denmark and one factory in northern Germany in the harbor city of Cuxhaven. The current management consisting of Morten Mørk, Michael Jacobsen and Jens Karkov Jakobsen will continue in their respective roles and remain significant shareholders.

We see enormous growth potential in Nordmark. The company is well-positioned in a market that requires unique competencies and special know-how to manage the size of the components, extreme demands for precision and complicated logistics. We look forward to further strengthening its position in the global offshore market which is projected to grow significantly in the coming years” says Jens Hahn-Petersen, partner in CataCap.

Ambition to take market shares in Europe and US
According to Deloitte the offshore wind market in Europe and US is projected to grow at 26 per cent per year towards 2026. Nordmark has the expertise, technology, and logistics to deliver to both markets and future offshore wind platforms which in the coming years will consist of wind turbines with a capacity of more than 20 MW and a wingspan of more than 250 meters.

We have had a long and very positive dialogue with CataCap. Now the time is right in terms of taking the next step for Nordmark. Together with CataCap we will ensure that we have the capacity to help our customers to deliver for the offshore wind platforms that are planned in the next couple of years. We are investing in new machinery and personnel which will gear our organization to meet the increased demand in both Europe and the US,” says Morten Mørk, CEO of Nordmark.

CataCap has been assisted by Accura, Deloitte, Monitor Deloitte, McKinsey, and The Footprint Firm as legal, financial, commercial and ESG advisers, respectively. This is CataCap’s 13th investment.

Nordmark has been advised by Atrium Partners and Andersen Partners.

For further information please contact:

CataCap
Jens Hahn-Petersen, Partner
+45 20 40 72 03
jhp@catacap.dk

Nordmark
Morten Mørk, CEO
+45 20 30 00 71
mjm@nordmark.as

JENS HAHN-PETERSEN
Partner, CataCap

MORTEN MØRK
CEO, Nordmark

CataCap has acquired 65 per cent of the Danish high-tech company Nordmark, which is a global market leader within high precision machining and processing of components to the biggest wind turbines on the market, especially offshore. Nordmark has three factories in Denmark and one factory in northern Germany in the harbor city of Cuxhaven. The current management consisting of Morten Mørk, Michael Jacobsen and Jens Karkov Jakobsen will continue in their respective roles and remain significant shareholders.

”We see enormous growth potential in Nordmark. The company is well-positioned in a market that requires unique competencies and special know-how to manage the size of the components, extreme demands for precision and complicated logistics. We look forward to further strengthening its position in the global offshore market which is projected to grow significantly in the coming years” says Jens Hahn-Petersen, partner in CataCap.

JENS HAHN-PETERSEN
Partner, CataCap

Ambition to take market shares in Europe and US
According to Deloitte the offshore wind market in Europe and US is projected to grow at 26 per cent per year towards 2026. Nordmark has the expertise, technology, and logistics to deliver to both markets and future offshore wind platforms which in the coming years will consist of wind turbines with a capacity of more than 20 MW and a wingspan of more than 250 meters.

We have had a long and very positive dialogue with CataCap. Now the time is right in terms of taking the next step for Nordmark. Together with CataCap we will ensure that we have the capacity to help our customers to deliver for the offshore wind platforms that are planned in the next couple of years. We are investing in new machinery and personnel which will gear our organisation to meet the increased demand in both Europe and the US,” says Morten Mørk, CEO of Nordmark.

MORTEN MØRK
CEO, Nordmark

CataCap has been assisted by Accura, Deloitte, Monitor Deloitte, McKinsey, and The Footprint Firm as legal, financial, commercial and ESG advisers, respectively. This is CataCap’s 13th investment.

Nordmark has been advised by Atrium Partners and Andersen Partners.

For further information please contact:

CataCap
Jens Hahn-Petersen, Partner
+45 20 40 72 03
jhp@catacap.dk

Nordmark
Morten Mørk, CEO
+45 20 30 00 71
mjm@nordmark.as

About CataCap
CataCap invests in SMEs that hold a significant development potential and have an innovative business model with long-term sustainability.

CataCap’s business concept is to act as a catalyst for sustainable step changes through a systematic and consistent approach to strengthening business development, operational processes and leadership development in active interaction with management and employees of the portfolio companies.

CataCap operates through an extended organisation in which CataCap’s own employees are supplemented by Operating Partners, Development Partners and Executive Advisors. The teams for each investment are recruited from this group.

CataCap is a proactive and dedicated owner. The systematic hands-on approach to developing CataCap’s businesses is intended to increase both the speed and sustainability of business step changes, thereby creating long-term value for all stakeholders as well as stable excess returns for investors.

www.catacap.dk

About Nordmark
Nordmark was founded in 2002 and today is a global market leader within high precision machining of large-scale components for the wind energy industry.

The company has three factories in Denmark and a factory in northern Germany in the harbour city of Cuxhaven. Nordmark employ more than 125 people.

www.nordmark.as

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