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Windtech International January February 2024 issue

 

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Cotech Group acquired by Aurora Energy Services l r Michael Buchan Mike Wallace Niall ConlonAurora Energy Services Ltd (Aurora) has announced it has acquired the Houston-based Cotech Group.Cotech was founded by Aberdonian Mike Wallace in 2005 and provides a range of rope access and non-rope access inspection, repair, construction and maintenance services, with the majority of its work being in the onshore and offshore wind sector.
 
Mike Wallace, finance director Mark Wallace, and other senior management will remain part of the enlarged business and will spearhead Cotech’s growth State-side, while exporting its expertise into European, Asian and Australian renewable energy markets. Aurora’s goal is to expand on Cotech’s 20-year footprint of providing energy services in Brazil and throughout South America. A key component of the deal included a significant investment by Australian serial entrepreneur Niall Conlon, who is now a major shareholder of Aurora and will sit on the executive board alongside company founders Doug Duguid and Michael Buchan.
 
Aurora launched in April 2023 and the Cotech transaction follows the acquisition of three UK companies - Northern Marine Services, R&M Engineering, and Inverness Access Training Services - and the owners of all four businesses are shareholders in Aurora Energy Services Ltd. This latest deal increases the staff employed by Aurora to 275 and the company has forecast first year revenues of £35 million to FY December 2023.
 
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