K2 Management has agreed to acquire global yield analysis consultancy, Prevailing. Headquartered in Bristol, United Kingdom, the company has offices in Scotland, Germany, Australia and the United States.
Founded in 2009, Prevailing has been involved in energy yield analysis for more than 1,200 projects in over 30 countries.
Completion of the acquisition, which is a part of K2 Management’s global growth strategy, is expected to take place in the fourth quarter of 2017.
“Acquiring Prevailing is a natural next step in strengthening K2 Management’s service offerings to our clients and will support Prevailing’s customers throughout the life-cycle of their projects,” says CEO Henrik Stamer, K2 Management.
“We are very pleased to welcome our new colleagues from Prevailing to join the K2 Management organization,” added Stamer. “Prevailing has unique competencies when it comes to yield analysis and due diligence, which will deliver added value to the clients served by this stronger K2 Management team.
“Together we bolster our offer to the market as an independent and experienced advisor to our clients around the world,” he concluded.
“K2 Management and Prevailing share the same values in terms of quality, client satisfaction, adding value to projects and developing our employees,” said Co-founder at Prevailing, Ivar Rush, who will join K2 Management as Director, Analysis Services.
Rush added: “Combining forces will contribute to our common goal of being the preferred independent owner’s engineer and lender’s technical advisor for energy projects across the globe.”
The acquisition price will not be disclosed.
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