Successful Deals with PwC: RES acquires Sulzer Schmid Laboratories

The Swiss Deals team is pleased to announce the acquisition of Sulzer & Schmid Laboratories AG (“SSL”), a Swiss pioneer of autonomous drone inspections for the renewable energy sector, by Renewable Energy Systems (“RES Group”), a world leading independent renewable energy company and services provider. PwC acted as Lead Advisor to RES Group and provided financial and tax due diligence services, as well as SPA advice.

Established in 2016, SSL specializes in autonomous drone inspections for the renewable energy sector, offering innovative solutions for wind turbine blade maintenance. The company’s 3DX™ Blade Platform uses AI-driven technology to provide comprehensive condition monitoring, delivering inspection data through its proprietary SaaS platform. To date, the company has conducted 100 GW of inspections and serviced more than 50 GW of turbines.

With an experience of 40+ years in clean energy, RES Group provides development, construction, services, and digital solutions for wind, solar, energy storage, green hydrogen, and other renewable energy technologies. The group operates a project portfolio of 27 GW and supports operational assets of 41 GW.

The acquisition further strengthens RES Group’s breadth of digital solutions and services to meet growing demand from renewable energy asset owners for smart, data-driven operations and maintenance.

The transaction was announced on September 02, 2024 (RES press release).

The PwC team

M&A Lead Advisory

Sascha Beer (Partner)
Alessandro Rossi (Senior Manager)
Robin Sutter (Senior Associate)
Deborah Libardi (Associate)

Financial Due Diligence

Frank Minder (Partner)
Manuel Belda Adell (Senior Manager)
Felix Peters (Manager)
Monika Bukowska (Senior Associate)

Tax Due Diligence

Matthias Marbach (Partner)
Matthias Ruesch (Director)
Ariel Gruenewald (Senior Manager)
Klara Ivic (Senior Associate)