EnBW Energie Baden-Württemberg AG has successfully completed the sale of its two wholly-owned subsidiaries, CWS Connected Wind Services Danmark A/S and CWS Connected Wind Services France SAS. This transaction was supported by comprehensive legal and tax advice from the international consulting and auditing firm Baker Tilly. The sale of the two service companies reflects EnBW's strategic reorientation, which envisages a stronger focus on its core markets as well as the expansion of renewable energies and energy infrastructure in Germany.
The coordinating Baker Tilly team, led by Dortmund Legal Partner Alexandra Sausmekat, ensured consistent and coordinated advice across both transactions. This included managing legal and tax advice in France and Denmark. The expertise of Baker Tilly Germany as the central coordination point between the involved country teams and EnBW ensured a smooth process for the complex cross-border divestment. This structural approach is particularly important for international portfolio transactions.
CWS Danmark, based in Skødstrup near Aarhus, and CWS France, located in Dijon, are specialised service providers active in the renewable energy sector. Their core business includes the operation and maintenance of onshore wind turbines. The acquirer of CWS Danmark is the Danish Eurowind Energy A/S. Eurowind Energy A/S had already taken over EnBW's Swedish renewables platform earlier this year, indicating a consistent strategy expansion in this sector. CWS France, on the other hand, was divested by EnBW as part of a management buy-out, a structure that allows for continuity in the management of operational business.
Legal and tax advice in Denmark was provided by Baker Tilly Legal Advokatfirma and Baker Tilly Denmark under the leadership of Partner Thomas Grue Baruch. For legal advice in France, Oratio Avocats was responsible, with Partner Benoît Brossard leading the Corporate & Commercial division. Ms. Alexandra Sausmekat from Baker Tilly highlighted Baker Tilly's international advisory expertise in the energy and infrastructure sector, as well as the close cross-border cooperation within the network. The transactions are subject to customary regulatory approvals. The parties have agreed not to disclose the respective purchase prices.
The sale of shares in the two service companies is an integral part of EnBW's strategic reorientation. By pooling its resources, the company is increasingly concentrating on the expansion of renewable energies and the strengthening of the energy infrastructure within Germany. This focus became evident in July of this year when the energy group announced the sale of its Swedish renewables platform. Baker Tilly also coordinated the tax advice for EnBW in this previous transaction, underlining the continued collaboration and trust in the consulting firm's expertise.
