Leading provider of mission-critical software and control systems for the renewable energy sector, SCADA International A/S (“SCADA International”) to acquire renewable energy software provider, Quantec Systems GmbH (“Quantec Systems” or the “Company”), adding to its portfolio over 10,000 renewable assets and taking the group’s installed capacity to 44 GWs
April 11, 2024 — Magnesium Capital portfolio company SCADA International, announced its third acquisition this year, by acquiring Hannover-based, Quantec Systems. The Company was founded in 2017 as a software-focused spinout of its predecessor company. Since then, Quantec Systems has established itself as a market leader serving a broad set of customers including renewable asset owners & operators, ISPs and OEMs, and employs a team of renewable energy experts and highly specialized software developers.
Quantec Systems, through its proprietary software solution ClavisTM, provides a mission-critical hardware-agnostic integration interface which enables real-time monitoring of distributed renewable energy assets. The Company’s installed base today stands at over 10,000 assets in Germany and other markets. The acquisition is highly complementary to SCADA International, as it will boost the combined company’s installed base to over 44GWs globally, and comes as a result of SCADA International’s increased focus on expanding its software and digital solution offerings.
SCADA International’s CEO, Thomas Bagger, says: “There is no doubt that our main customers in the industry expect us to deliver solutions across the entire value chain. By bringing in Quantec into the SCADA group and incorporating their 10,000+ connected assets into one combined portfolio, we can bring a broader and more in-depth set of capabilities and knowledge to our customers and, to a greater extent, support customers in the green energy transition”.
In addition to bringing scale and strengthening SCADA International’s technology portfolio, Quantec Systems has demonstrated impressive metrics over the years. The Company is highly profitable with best-in-class margins and contracted recurring revenue, all the while consistently delivering double-digit topline growth. The acquisition will not only scale and significantly add to SCADA International’s technology offering but will also be highly accretive from the outset.
Quantec was founded by visionary technologist, Vincent Kessler, who had this to say about the transaction: “The time had come to find a partner who could take our knowledge and skills to the next level, while allowing room for our innovative approach and visions. We have found that in SCADA International, who, in many ways, shares our mission of being a knowledge hub and a collaborative partner for the industry.”
As part of the acquisition, Vincent will reinvest and continue with the business.
Closing of the transaction is pending customary regulatory approvals.
About SCADA International
SCADA International empowers the renewable energy sector through unparalleled SCADA expertise. Our highly skilled specialists support the full SCADA value chain, and we strive to act as the trusted partner across SCADA hardware and software solutions, installation, and commissioning into consulting.
Our intelligent software solutions make data reliable from various sources available in real-time to customers worldwide. We strive to reduce complexity and provide our customers with solutions that optimize performance and competitiveness.
Headquartered in Denmark, SCADA International employs more than 200 specialists at offices in Germany, Poland, Spain, Ukraine, Romania, United Kingdom, and the USA. The company is certified according to ISO 9001, ISO 14001, ISO 27001, and ISO 45001.
For further information about SCADA International, please visit www.scada-international.com
About Quantec Systems
Quantec Systems is a software company offering a Linux-based, hardware-agnostic solution to monitor and manage energy asset operations, including wind turbines and solar farms.
The company has been operating since 2004 through its predecessor company, with version 1 of its software released that same year, but it became a standalone business in 2017. Since then, Quantec Systems has established itself as a leader in the German market, serving blue-chip renewable asset owners and operators, ISPs, and OEMs.
Quantec has developed many OEM drivers and connectors independent of the core software platform. The software can be deployed on-premises or in the cloud.
Their solutions are used by over 500 customers and manage ~10,000 wind and solar PV Assets
For further information about Quantec Systems GmbH, please visit www.quantec-systems.com
Link to SCADA International’s Press Release: SCADA International Acquires Quantec Systems
