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The new expansion at Jupiter Bach in Poland is on track!

The wind energy sector is growing and so are the size and capacity of the turbines themselves. OEMs have made the call that the supply base needs to keep up. Jupiter Bach has heard and is answering that call with the latest installment of capacity in the strategic location of Police, Poland. The 6000 m2 expansion will be ready on November 1st, 2017, as planned, to serve our increasing on- and offshore customer base in Europe. The building frame and roof are up so the site is beginning to take shape. Since 2014 Jupiter Bach has been producing best in class nacelle and spinners covers for the wind turbine industry at the site in Police, Poland. With this latest expansion Jupiter Bach will double its capacity in Police and thereby be able to accommodate the increasing demand from the industry. 2018 is just around the corner and Jupiter Bach is currently taking orders to utilize this new capacity. In total Jupiter Bach has 8 factories globally with 90,000m² of manufacturing and assembly capacity spanning the globe from Asia to Americas.

 

Read more about us here

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Jupiter Bach announces successful completion of the merger between Jupiter Group and BACH Composite Industry

Reducing wind power’s Levelized Cost of Energy (LCoE) and driving the industry toward more innovative collaboration models are key focus areas of the combined company.

Jupiter Bach is pleased to announce the successful completion of the merger between Jupiter Group and BACH Composite Industry. The transaction creates the largest supplier of nacelle and spinner covers in the world.

Jupiter Bach brings together two world-leading Danish wind industry specialists with significant engineering capabilities and a complementary global footprint. Based in Thy in western Denmark, BACH Composite Industry has built strong partnerships with leading OEMs from its production sites in Denmark, Spain, the US, China and Lithuania. Jupiter is well known for engineering excellence, serving leading OEMs from its production sites in the US, China, Poland and Denmark.

The combined company is headquartered in Køge, just outside Copenhagen, and has more than 1,200 employees. Jens Kristensen, former CEO of Jupiter Group, now leads Jupiter Bach.

Jens Kristensen says he is convinced the new company is in an even better position to offer direct benefits to future and current customers.

“As the wind industry has evolved to become a mainstream energy source, it is paramount that the entire value chain focuses on achieving a low LCoE through innovation and scale,” says Jens Kristensen. “By combining our resources, Jupiter Bach is able to concentrate on developing the efficiencies and advancements necessary to achieve this and drive the industry forward.”

The merger was realized under the leadership of Verdane Capital Advisors (Verdane Capital VIII K/S), who acquired Jupiter Group in May 2016. The current majority shareholder in BACH Composite Industry, BWB Partners, will remain as minority shareholder.

Upon closing of the merger, the CEO of Bach Composite Industry, Geert Winther Skovsgaard, resigned. He will retain a minority stake in the new company.

Strategic rationale for the merger
Significant opportunities for both the wind industry and Jupiter Bach lay behind the merger:

  • An enhanced global footprint
    With factories in Denmark, Poland, Lithuania, Spain, China and the US, Jupiter Bach is well-positioned to service customers in key locations by reducing delivery times and costs.

 

  • A shared focus on innovation that is enhanced by scale
    By merging the engineering departments of the two major nacelle suppliers in the world, Jupiter Bach can focus its technology investments and partner with customers to deliver innovations that reduce wind power’s LCoE.

 

  • Engaged, global talent
    As the leading supplier to the wind industry, Jupiter Bach can attract and retain talents who are passionate about wind and motivated by the opportunity to increase its reach.

 

  • Stronger capabilities and resources
    With Verdane Capital VIII as the majority owner, Jupiter Bach can focus on expanding its already strong expertise in composites for the wind industry, delivering innovations that bring efficiency to all.

 

  • Elevated strategic partnerships
    Jupiter Bach can deploy its enhanced engineering capability and technology prowess to partner with leading institutions that share its goal of lowering wind power’s LCoE.

 

About Jupiter Group A/S
Jupiter Group is the global market leader of developing and supplying high-quality composite nacelle and spinner covers to the wind turbine industry. With more than 20,000 nacelle covers in the field, Jupiter Group has a long track record of consistently supplying the largest OEMs of the wind industry. Its highly-skilled engineers are accustomed to complying with the demanding standards set by OEMs on parameters such as structural strength, weight reduction, fire resistance, computer simulation, quality control and safety.

About BACH Composite Industry (BC Group A/S)
Bach Composite Industry is one of the largest manufacturers of nacelle covers for wind turbines in the world, with an annual production of more than 100,000 vacuum infused nacelle and spinner cover parts. Building on 30 years of experience, a global manufacturing footprint, a recognized high-end quality management paradigm, and a state-of-the art Technology and Innovation Center, Bach is the unique partner for developing, producing and supplying best-in-class solutions for high volume composite production, catering to the wind turbine industry’s requirements for continuous improvement of quality, delivery performance, innovation and ultimately competitive prices.

About Verdane Capital Advisors
Verdane private equity funds invest in companies with strong growth potential that are active in the advanced industrial and energy space, consumer Internet, and software sectors. The funds have the flexibility to acquire either a complete portfolio of unlisted assets, parts of a portfolio or a single company. Verdane Capital Advisors, the exclusive investment advisor to Verdane funds, has 25 employees in Oslo, Stockholm and Helsinki.

About BWB Partners
BWB Partners is an independent Danish investment firm investing in small and medium-size companies with strong growth potential. The BWB Partners funds own 12 industrial and service-sector companies. BWB Partners focuses on creating value in its portfolio by promoting organic growth, undertaking strategic acquisitions, developing the management structure and pursuing operational improvements in close collaboration with management teams and co-investors.

Contacts

Jens Kristensen, CEO
Jupiter Bach A/S
jek@jupitergroup.com
+45 4095 9506

Arne Handeland, Partner
Verdane Capital Advisors
arne.handeland@verdanecapital.com
+47 2413 7000

Jesper Wadum Nielsen, Partner
BWB Partners
jwn@bwbp.dk
+45 2020 6346

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The people behind!

MIKE MA
Project Assistant
Location: Jupiter Dezhou, Shandong, China

Mike holds a Masters in mechanical engineering and possesses strong insight into project management from his background in mechanical engineering. Mike Ma joined the Jupiter Shandong team in Dezhou, China in November 2015 as a logistic specialist. He continually strives to develop new ideas and innovative solutions, which compliments the team perfectly.

 

 

“It’s been exciting to work in project management with an engineering background, since it requires the ability to successfully balance overall project control and technical challenges” says Mike.

 

MERSID FIFIC
Lamination Operator
Location: Jupiter Orehoved, Denmark

Mersid has his roots in Bosnia, but came to Denmark in 1995 at the age of 11. Mersid has been a part of Jupiter since 2005 and worked at various facilities during his 12 years, fulfilling different tasks and responsibilities. Since 2011, Mersid has worked primarily with the lamination of nacelle and spinner covers at the Orehoved facility.

 

“I have always enjoyed working at Jupiter. Good colleagues and a strong team spirit, are the main reasons I enjoy working here” says Mersid.

 

ALEXANDER MAC LEACH
Process Engineer
Location: Jupiter Pensacola, Florida, USA

Mac is a hands-on engineer with a drive to succeed. He works together with production teams to improve the processes used for manufacturing composite parts.
Before coming to Jupiter, Mac completed an Engineering internship at Altec Fiberglass for the composites division. His responsibilities included, helping meet ISO 9001 standards and improving manufacturing processes.

 

“I was excited to come to Jupiter and be part of a team, that I feel is one of the most advanced in the nacelle field. I enjoy the ability to multi task in a work environment where I can not only share my ideas, but test them out and take them to serial production.” says Mac.

 

DARIUSZ JUKUBCYZK
QEHS Manager
Location: Jupiter Police, Poland

Dariusz has extensive experience with implementing and maintaining quality systems in the automotive and renewable energy sector. In Jupiter Poland, he is responsible for the implementation and maintenance of the integrated quality system and the gradual transformation of inspection from control, to prevention and audit. Dariusz Jakubczyk joined Jupiter Poland in January 2017 and is pleased to be part of a work place where health and safety is so important.

“I have changed jobs a few times, but only at Jupiter was my start so easy. The first few hours in the organization showed me how professional and friendly my team was” says Dariusz.

 

Read more about how we work here

 

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Collaboration with future talents

At Jupiter Bach we believe in fostering innovation through collaboration with future talents.

In 1760 the world underwent an Industrial Revolution. Wind Energy is poised for a very similar event. If history is any guide it will be the next generation that will reshape the industry. We believe that in order to further reduce LCoE we need to invest in this next generation.

April 5th and 6th, Jupiter Bach, for the first time, will be participating in the DSE fair at the Danish Technical University in Kgs. Lyngby, Northern Copenhagen region. Join us for this ground breaking entry into the fair at stand #110 (inside the S-house), to hear about the Master and Bachelor projects we can offer.

You also don’t want to miss the opportunity to hear, and engage in discussions about the progressive GFRP engineering work behind the scenes at the world’s largest wind turbine nacelle cover manufacturer. The time for forward thinking and change is now. Come and be a part of the revolution to reshape the industry!

Click here to learn more about our Devotion to Wind

 

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Cost-out through scale up

If capacity is the name of the game, then look no further than Jupiter Bach.

Jupiter Bach has once again increased facility capacity in Pensacola Florida with a move that netted an additional 1800m². This space further allows Jupiter Bach take on additional volumes in the US market ensuring customers that Jupiter Bach will be there with the right capacity, the right quality, and on time when needed.

Jupiter Bach’s latest expansion marks the second such US expansion in a year. The expansion was necessary to meet the growing demand of the American wind market, and should be viewed as evidence of Jupiter Bachs commitment to the US wind market and key customers.

Inside this latest expansion is a larger warehousing space, three more CNC machines, and available production zones for additional capacities. The warehousing space was necessary to ensure that Jupiter Bach is able to fully take advantage of growing economies of scale when ordering. The additional CNC operations not only expands the current scope, but adds additional converting abilities taking Jupiter Bach to the next level as a supplier. The additional production zones are fully functional with necessary machinery and controls for casting and cutting of FRP components. The building is adjacent to Jupiter Bachs main US facilities and also houses the Jupiter Bach Innovation Center where driving down the cost of energy is the main focus.

The new building also allowed Jupiter Bach the space to add a fitness center for the over 200 employees, new safety training center, and process training center. These new training centers allow Jupiter to better ready the people who make it all happen, ensuring that the safety of the employees and the quality of the product is best in class.

Jupiter Bach takes pride in creating value for the customer and this move is right in line with that focus.

Read more about how we work here.

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Doubling our capacity in Europe

Jupiter Bach has been in a steady growth pattern over the years. The Wind Energy sector is also growing and demanding that the suppliers keep up. Jupiter Bach has heard that call and is excited to announce our latest expansion. This expansion will do nothing short of doubling our capacity in Europe.

A brand new manufacturing hall will be built adjacent to our existing facility in Trzeszcyn Poland. Our new manufacturing hall is a 6000 m² facility built to increase the capacity and to service in proximity to a demanding European market.

Ground breaking for the new facility took place on February 2nd and the facility is now slated to begin operation end of 2017. New orders for this capacity are being taken now.
The expansion includes construction of new roads, a storage yard and parking. The facility will be equipped with state of the art equipment to ensure that our customers are getting the quality and time to market that they need, and increased handling ability for large projects including 6 gantry cranes. Antistatic floor and exhaust systems will be installed to ensure that the highly skilled employees who manufacture our customer’s products are protected at all times.

Jupiter Bach Poland originally started its activity in 2014 in Trzeszczyn, Poland. They currently employ 250 employees and are growing rapidly. As the new workshop is planned to be finished in November 2017 we need potentially 100+ new employees over the next 2 years.

Jupiter Bach is very excited to grow the business and create manufacturing jobs in the local area and surrounding community.

Find Jupiter Bach locations here

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Over 30 million households powered!

On February 3rd 2017 Jupiter Bach rolled off the line nacelle number 20.000

Nacelle #20.000 is a GE 2,3MW unit built in Pensacola Florida. 20.000 units is enough renewable power for over 30 million homes (taking global averages).

 

Jupiter is very proud to have been part of this positive impact on the reduction of the global carbon footprint and is very much looking forward to partnering with customers working towards the same goal. Jupiter Bach was joined by local leaders, customers, suppliers, and the Jupiter Pensacola staff in an event celebrating this great milestone.

This milestone marks yet another stepping stone on Jupiter Bach’s path to the full growth potential. Though Jupiter Bach had its roots in boating the company since changed all focus and devoted itself to the wind turbine industry. The road has not been without its ups and downs, but Jupiter Bachs devotion to wind has given it the tools that now allow it to stand at the forefront of the industry in size, innovation, global access, and reducing the cost of energy. You of course don’t get to build 20,000 nacelles without support. It takes an army of great and talented employees whose commitment, drive and innovation create the backbone of Jupiter Bach. It takes the trust and confidence of world leading customers and partners. It takes the commitment of first class suppliers who work diligently here and throughout the globe to ensure that we have the tools necessary for success.

As the final destination of the 20,000th nacelle is yet to be determined there is no question which direction Jupiter Bach is going, and that’s up.

Wind energy is going places, and Jupiter Bach is going with it.

Read more about our Devotion to Wind here

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Jupiter Group & BACH Composite Industry merge to create global wind industry leader

The combined company will focus on innovations that reduce wind power’s Levelized Cost of Energy (LCoE) and drive the industry forward.

Jupiter Group A/S and BACH Composite Industry (BC Group A/S) announced today that the companies have entered into a definitive merger agreement realized under the leadership of Verdane Capital Advisors (Verdane Capital VIII K/S), who acquired Jupiter Group in May 2016. The combined company will be the largest supplier of nacelle and spinner covers in the world.

The combination brings together two world-leading Danish wind industry specialists with significant engineering capabilities and a complementary global footprint. Based in Thy in Jutland, BACH Composite Industry has built strong partnerships with leading OEMs from its production sites in Denmark, Spain, the USA, China and Lithuania. Jupiter is well known for engineering excellence, serving leading OEMs from its production sites in the USA, China, Poland and Denmark. Upon closing, the combined company will be headquartered in Køge, just outside Copenhagen, and have more than 1,200 employees. Integration is expected to start in 2017.

Mr. Jens Kristensen, CEO & CCO of Jupiter Group, who will lead the combined company, commented:

We are excited about the opportunities this merger create. Not only will it greatly enhance our strength and depth of service capabilities across the globe, but it will allow the combined company to assume its responsibility as a leading and trusted partner that can take ownership of the supplier agenda. Together we will be in an even better position to offer direct benefits to new and existing customers, like helping them lower their LCoE. For the industry, this is an important and necessary step, and we are proud that our owners, Verdane Capital VIII and BWB Partners, have made it happen.

Mr. Geert Winther Skovsgaard, CEO of BACH Composite Industry for nearly 20 years, who has been instrumental in building BACH Composite Industry into a world-leading wind industry supplier, will resign as CEO upon the closing of the merger. He will retain a minority stake in the new company. Mr. Skovsgaard commented:

I am proud to be able to facilitate this merger for numerous reasons: the synergies are obvious, our customers will benefit from the larger scale, the timing is perfect as the industry is consolidating across the value chain, and the combination of these twin businesses makes really good sense from an industry perspective. With complementing production units across the globe, BACH will contribute unique competences and skills to the combined entity – handing over this solid and well-run business is an honor.

As the wind industry has evolved to become a mainstream energy source on par with fossil fuels and established renewable energies, it is now paramount that the entire value chain focuses on achieving a low LCoE through innovation and scale. Together, Jupiter Group and BACH Composite Industry’s combined resources will be concentrated on developing the efficiencies and advancements necessary to achieve this and drive the industry forward.

Mr. Arne Handeland of Verdane Capital Advisors commented:

We are delighted to be able to bring together these two world-leading Danish players to create a supplier to the wind industry that can meet the needs of a changing industry. We strongly believe that with its enhanced scale and resources, the combined company will be able to help the industry move its agenda forward, which ultimately means making wind a more efficient, and thus attractive, energy source. It’s a development that we are proud to contribute to.

Mr. Jesper Wadum Nielsen of BWB Partners, said:

Over the past two years, we’ve been working very closely with Geert Skovsgaard and his team at BACH Composite Industry to drive the process optimization and global integration required to meet the demands of a maturing wind industry. I am very pleased with the results that we have achieved and the team’s ability to deliver in a short period of time. The merger with Jupiter Group is the natural next step on this journey to augment the level of professionalism across the wind value chain and ultimately enable the industry to reduce it’s LCoE. We are confident that the combined team has what the industry needs going forward. This is also why we are retaining a minority stake in the business.

Strategic rationale for the merger:

  • An enhanced global footprint: With factories in Denmark, Poland, Lithuania, Spain, China and the USA, the merged company will be well-positioned to service and reduce delivery times and cost to customers in key locations.
  • A shared focus on innovation that is enhanced by scale: By merging the engineering departments of the two major nacelle suppliers in the world, the combined company will be able to focus its technology investments and partner with customers to deliver innovations that reduce wind power’s LCoE.
  • Engaged, global talent: As the leading supplier to the wind industry, the new company will be able to attract and retain talents who are passionate about wind and motivated by the opportunity to increase its reach.
  • Stronger capabilities and resources: With Verdane Capital VIII as the majority owner, the combined company can focus on expanding its already strong expertise in composites for the wind industry, delivering innovations that bring efficiency to all.
  • Elevated strategic partnerships: The new entity will deploy its enhanced engineering capability and technology prowess to partner with leading institutions that share its goal of lowering wind power’s LCoE.

About Jupiter Group A/S

Jupiter Group is the global market leader of developing and supplying high-quality composite nacelle and spinner covers to the wind turbine industry. With more than 20,000 nacelle covers in the field, we have a long track record of consistently supplying the largest OEMs of the wind industry. Our highly-skilled engineers are accustomed to complying with the demanding standards set by OEMs on parameters such as structural strength, weight reduction, fire resistance, computer simulation, quality control and safety.

About BACH Composite Industry (BC Group A/S)

Bach Composite Industry is one of the largest manufacturers of nacelle covers for wind turbines in the world with an annual production of more than 100.000 vacuum infused nacelle and spinner cover parts. Building on 30 years of experience, a global manufacturing footprint, a recognized high-end quality management paradigm, and a state-of-the art Technology and Innovation Center, Bach is the unique partner for developing, producing and supplying best-in-class solutions for high volume composite production, catering to the wind turbine industry’s requirements for continuous improvement of quality, delivery performance, innovation and ultimately competitive prices.

About Verdane Capital Advisors

Verdane private equity funds invest in companies with strong growth potential that are active in the advanced industrial and energy space, consumer Internet, and software sectors. The funds have the flexibility to acquire either a complete portfolio of unlisted assets, parts of a portfolio or a single company. Verdane Capital Advisors, the exclusive investment advisor to Verdane funds, has 25 employees in Oslo, Stockholm and Helsinki.

About BWB Partners

BWB Partners is an independent Danish investment firm investing in small and medium-size companies with strong growth potential. The BWB Partners funds own 12 industrial and service-sector companies. BWB Partners focuses on creating value in their portfolio by promoting organic growth, undertaking strategic acquisitions, developing the management structure and pursuing operational improvements in close collaboration with management teams and co-investors.

Contacts

Jesper Wadum Nielsen, Partner
BWB Partners
jwn@bwbp.dk
+45 2020 6346

Arne Handeland, Partner
Verdane Capital Advisors
arne.handeland@verdanecapital.com
+47 2413 7000

Jens Kristensen, CEO
Jupiter Group A/S
jek@jupitergroup.com
+45 4095 9506

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Strength through knowledge and great partnerships

In the modern age of advanced industrial processes and precision quality requirements it is imperative that the people leading up this effort on the shop floor have the tools necessary to succeed.

Jupiter Group is proud to announce the partnership with Landrum HR who is performing a multi-week leadership training course with all the line leaders and supervisors of Jupiter Group Pensacola.

The team leads and supervisors are the lifeblood of the direct operation and a huge part of what has made Jupiter Group the success that it is today. We recognize the importance of this team and want to make sure that everything possible is being done to ensure they are the best leaders that they can be. Landrum HR is assisting with this goal, in the training seminars that they are delivering over the coming weeks. These training sessions are part of Landrum’s Leadership Development Certification Series and are tailored to fit the Jupiter Group mission and values.

The training will consist of 5 main modules which target the enhancement of supervisors’ ability to lead in today’s manufacturing environment. They will be given training on skills to deal with conflict resolution, coaching, progressive discipline, and best practices just to name a few.

Wind Energy is a fast growing sector and Jupiter Group is poised to grow right along with it. A company must look to the future and invest in the health of its assets. This can also be said for the health and advancement of its most valuable assets which are the people. We thank Landrum HR and all the line leaders who are going on this journey with us and look forward to the next step.

Read more about How we work

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Geoho Energy Equipment Co., Ltd has been added to Jupiter Bachs portfolio of strategic partners

For the second time in just a few months Jupiter Bach have again entered a new strategic partnership with a Wind Turbine Manufacturer.

On October 19, at a celebration ceremony held during the China Windpower exhibition in Bejing, it was announced that Geoho Energy Equipment Co., Ltd and Jupiter Bach have entered a strategic agreement of supplying Nacelle and Spinner covers for Geoho’s 2.1 MW Wind Turbine.
“We are proud to have been chosen as Geoho’s partner among 6 very capable competitors” says CEO Jens Kristensen. Although the negotiations have taken place only recently, the groundwork for being competitive in terms of price, quality, and services has been laid over a long period by Jupiter Bach’s Chinese organization.
At the reception Vice General Manager Wang Xiaohua, Geoho expressed his trust in Jupiter Group and his satisfaction with this new partnership. Geoho is a part of Dunan Group who ranks #62 among Chinese Top 500 enterprises.