GEV Group announces a GBP 5.4 million investment by Maven Capital Partners. The investment secures a minority stake in GEV Group (GEV). At the same time, the company had announced the appointment of its new chairman, Ron Smith.
Ron sat on the executive management board of Siemens UK between 1997 and 2010. Both announcements come as GEV Wind Power moves a step closer to the commercialisation of its blade maintenance Habitat and other projects. The investment by Maven will provide the GEV Group with the additional development capital it needs to support its growth plans. The investment will support GEV’s activities across its four main divisions; GEV Wind Power, Subsea Masters, Oxifree and GEV Offshore.