Macquarie Capital has today announced its acquisition of ONYX Insight (ONYX), the leading provider of wind turbine performance analytics and condition-based monitoring to the wind energy industry.
Part of bp Launchpad since 2017, ONYX has become the world’s leading wind turbine performance monitoring and optimization platform. It currently monitors more than 17,000 turbines in over 30 countries providing technology solutions to 7 out of Top 10 wind asset owners. Endorsed by a number of prestigious awards, notably two Queen’s Awards for Enterprise and a ‘Made in the UK, Sold to the World’ award from the UK Department for Business and Trade, ONYX is recognised as one of the UK’s innovative technology companies that has achieved substantial international growth.
Following the acquisition, ONYX will continue to operate as an independent business providing services to its global base of wind turbine operators, owners and manufacturers. The company’s integrated suite of technologies and services can be utilised throughout the lifecycle of wind turbines, combining state-of-the-art enterprise software and analytics, sensing and engineering solutions to help wind turbine owners, operators and manufacturers optimize turbine performance, reduce downtime and help anticipate operational issues.
Macquarie Capital made the investment through its Growth and Technology team, which specializes in growth investments and buyouts. Macquarie Capital’s John Spirtos, Ben Bailey and David Roseman will join ONYX’s Board of Directors.
Bruce Hall, CEO at ONYX commented, “Today marks a new chapter for ONYX which offers exciting new future growth opportunities. This transaction means we can continue to develop unique and innovative solutions to drive down the cost of wind energy and enable higher levels of operational efficiency. ONYX remains focused on delivering value to its customers with greater breadth and scale enabled by the acquisition.”
John Spirtos and Ben Bailey said “ONYX’s fully integrated technology and service offerings set the company apart within the wind condition-based monitoring sector. We look forward to working with ONYX’s management team to grow its portfolio of turbines under monitoring and expands its product offering.”
Larry Handen, Senior Managing Director, Macquarie Capital Growth and Technology, said, “ONYX has established itself as a leading provider of predictive maintenance solutions. Through this investment we aim to support its growth within the industry at global scale, in fitting with Macquarie Capital Growth and Technology’s record in partnering with high-growth, innovative companies.”
About ONYX
ONYX is an award-winning global, renewable, technology business. ONYX brings unbiased predictive analytics underpinned by real-world engineering expertise to owners and operators of renewable energy assets. ONYX provides industry leading predictive analytics and wind turbine monitoring services underpinned by strong engineering expertise. Our solutions deliver increased energy production and reduced operations & maintenance costs, enabling wind turbine operators to minimise unplanned downtime and maximise investment returns.
