LONDON: European Green Transition plc (AIM: EGT) said Tuesday it has acquired an additional 27% stake in Anemos Analytics Ltd, raising its total interest in the Scotland-based condition monitoring software company from 52% to 79%.
The move deepens EGT’s control over a predictive maintenance technology provider that specialises in the wind energy sector. Anemos uses tri-axial sensors and high-frequency data capture to provide 24/7 real-time monitoring, allowing operators to detect turbine degradation early and schedule maintenance proactively, a statement said.
The increased stake came through a nominal equity subscription tied to a £40,000 intercompany working capital facility. EGT said the funds resolved short-term creditor obligations that arose after Anemos was left undercapitalised during a liquidation period involving former parent Arena Capital Partners (ACP).
EGT originally acquired its 52% interest in February 2026 as part of a larger acquisition of the Wind Energy Services group from ACP’s liquidators. ACP entered insolvency proceedings in Ireland in September 2025, roughly five months after Anemos began trading in April of that year. All historic indebtedness owed by Anemos to ACP was extinguished in the deal.
Anemos is now installed and operating on 119 turbines across the UK, with each monitoring contract structured on a five-year term. The company has contracts for installation on an additional 11 turbines and reports a robust pipeline of new opportunities.
The broader Wind Energy Services business acquired by EGT generated approximately £14.7 million in revenue for the year ended Dec. 31, 2025, and approximately £900,000 in adjusted EBITDA, according to unaudited figures. Anemos accounted for about £210,000 of that revenue but posted a roughly £120,000 EBITDA loss, which EGT attributed to one-off setup costs in its first year of trading.
EGT said it is actively integrating Anemos into its Wind Energy Services unit, including its Earthmill subsidiary, which handles maintenance and repair response. The company identified potential revenue and cost synergies across the combined operations.
“Increasing our ownership to 79% reflects our belief in the growth potential we see across the onshore wind market,” said Cathal Friel, co-founder and executive chair of EGT. “We believe Anemos is well positioned to play a key role in extending the operational life and reliability of ageing wind fleets across the UK.”
Simone Lorenzi, managing director of Anemos, said the increased investment provides “a solid platform to accelerate our growth plans,” adding that the company is also pursuing opportunities in hydropower, shipping and other industrial applications.
EGT trades on the AIM market of the London Stock Exchange under the ticker AIM: EGT.
EDITOR’S NOTE: Let’s be honest: a £40,000 working capital injection to pick up another 27% of a young tech firm — one that was effectively orphaned by its former parent’s collapse five months after launch — is the kind of tidy, low-risk move that looks shrewd on paper. Cathal Friel and his team aren’t paying for blue-sky hype; they’re paying to clean up a short-term mess and lock down more of a business that’s already on 119 turbines with five-year contracts.
That said, Anemos is still losing money (£120,000 EBITDA loss on £210,000 revenue in its first year). And “adjacent markets” like hydropower and shipping are famously hard to crack. EGT’s logic is sound — ageing wind fleets need predictive maintenance — but the company is essentially doubling down on a startup that hasn’t yet proven it can scale profitably. For now, consider this a tidy housekeeping move with potential upside, not a game-changer. The real test comes when those 119 contracts come up for renewal.