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, the company has been involved in energy yield analysis for more than 1,200 projects in over 30 countries. The acquisition is a part of K2 Management’s global growth strategy.
Prevailing says it provides an advanced SCADA analysis service to help proactively manage assets to get the most from them. Without close attention, wind farms can underperform, even at high availability. Small losses in turbine yield accrue from many sources, yet remain undetectable in operational reports.
“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.
He adds: “We are very pleased to welcome our new colleagues from Prevailing to join the K2 Management organization. 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.”
Co-founder at Prevailing, Ivar Rush, will join K2 Management as Director, Analysis Services. He commented: “K2 Management and Prevailing share the same values in terms of quality, client satisfaction, adding value to projects and developing our employees.
“Combining forces will contribute to our common goal in being the preferred independent owner’s engineer and lender’s technical advisor for energy projects across the globe.”
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