Ernströmgruppen to acquire an 80% stake in Spica Technology.

Ernströmgruppen, a privately owned industrial conglomerate, agreed to acquire an 80% stake in Spica Technology, an engineering company that develops and installs software, electronics, and electrical equipment. Financial terms were not disclosed. “More than half of all energy produced in Denmark comes from wind power. In Sweden, the corresponding figure is about 20 percent. It is a steadily growing market that will expand even more to meet climate goals. It is exciting and in line with our climate responsibility to ensure that we enable fossil-free solutions and, not least, that the current wind turbines are used as long as possible, which is made possible by Spica's expertise,” Magnus Thousgaard Terrvik, Ernströmgruppen Head of BA Automation & Electrification.