Add-on Acquisition • Information Technology

SkySpecs Acquires Fincovi

On May 17, 2021, SkySpecs acquired information technology company Fincovi

Acquisition Context
  • This is SkySpecs’ 2nd transaction in the Information Technology sector.
  • This is SkySpecs’ 1st transaction in Ireland.

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M&A Deal Summary

Date May 17, 2021
Target Fincovi
Sector Information Technology
Buyer(s) SkySpecs
Deal Type Add-on Acquisition

Target Company

Fincovi

Westmeath, Ireland
Fincovi is renewable energy back and middle-office software-enabled service provider that enables scale with confidence. Fincovi was founded in 2017 and is based in Westmeath, Ireland.
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Buyer Overview 1

Buyer

SkySpecs

Ann Arbor, Michigan, United States

Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

SkySpecs is a provider of world-class data insight and automation to help wind farm owners and operators optimally invest in, maintain, and manage their assets for sustainable returns. SkySpecs provide end-to-end solutions from robotics and AI-driven predictive analytics for wind blade and drivetrain maintenance, through financial asset management. SkySpecs was founded in 2012 and is based in Ann Arbor, Michigan.


Deal Context for Buyer #
Overall 2 of 2
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Ireland 1 of 1
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Vertikal AI

Vejle, Denmark

Vertikal AI is an industrial artificial intelligence company that specializes in AI for predictive maintenance in wind power. Vertikal AI helps clients scale their O&M business through innovative software technologies. Vertikal AI was founded in 2018 and is based in Vejle, Denmark.

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