Thursday 27th July 2023
Taipei, Taiwan, July 27 2023. International Ocean Group (IOG), a leading offshore wind farm services provider, announced today the successful acquisition of CWind’s majority shares in CWind Taiwan, making IOG the sole owner of CWind Taiwan.
This strategic move allows for better integration of CWind Taiwan into IOG’s portfolio, which also includes IOVTEC, Taiwan International Windpower Training Corporation (TIWTC), Fugro IOVTEC, and IOG Shipyard. The acquisition further strengthens IOG’s commitment to local talent development, supply chain investment, and the green agenda of Taiwan’s Government, society, and the Asia-Pacific (APAC) offshore wind market.
With a rich experience of over 50 wind farms worldwide, CWind has successfully imparted its extensive knowledge and expertise to CWind Taiwan’s team over the past five years. This acquisition includes the IP right and established integrated management system, exclusive use of brand name in Asia-Pacific region and along with the retention of key personnel, ensures the transfer of these valuable skills to the local team, empowering them to grow and develop further. Under IOG’s ownership, CWind Taiwan will continue to provide exceptional operational and project efficiencies to its clients.
Ethan Wang, Chief Operating Officer at IOG and General Manager at CWind Taiwan, stated, “This acquisition marks an important milestone for IOG and CWind Taiwan. As the sole owner of CWind Taiwan, IOG can seamlessly integrate the company within our existing portfolio, creating synergies across our operations. This move will enable us to offer enhanced services to our clients, delivering on their project requirements while maintaining the European standards of safety that CWind Taiwan has been renowned for over the past five years.”
The acquisition aligns with IOG’s focus on localisation, supporting the growth of Taiwan’s talent pool and supply chain. By investing in local resources, CWind Taiwan will contribute to the green agenda set forth by the Taiwanese Government and society, while meeting the increasing demands of the APAC offshore wind market.
CWind Taiwan was established in early 2018 as a joint venture between IOG (formerly known as IOVTEC) and CWind, a UK-based offshore wind services provider, and part of the Global Marine Group.
To learn more about CWind Taiwan, please visit their website at: https://cwindtw.global/
To find out more about IOG and its comprehensive range of offshore wind farm services, please visit: https://www.iog-tw.com/