Munich, January 15, 2026 – WTS Advisory GmbH (“WTS”) exclusively advised BWTS GmbH (‘BWTS’) and its shareholders on the sale to ZPUE GmbH (“ZPUE”). ZPUE is thus laying the foundation for a dynamic growth strategy.
The investment by ZPUE gives BWTS, a portfolio company of capiton AG, the opportunity to significantly expand its service capacities, introduce new technologies, and broaden its service portfolio for customers. The partnership opens up access to additional technological resources and a broad product range, and enables a stronger presence in key areas of the energy transition.
For ZPUE, a subsidiary of the Polish Koronea Family Office, the acquisition means a significant expansion of its installation and service capacities in the most important markets of Western Europe, as well as entry into the wind energy market. ZPUE, a leading manufacturer of transformer stations, switchgear, charging infrastructure for electric vehicles, and energy storage systems, is thus strengthening its integrated service offering.
Transaction background
The integration of both companies creates significant synergies: faster response times, lower costs, participation in larger projects and tenders, and the ability to offer comprehensive solutions—from production and installation to service—from a single source. At the same time, this investment is a key step in the company's international expansion.
WTS consulting team
Alexander Muires, Senior Executive Advisor
Jakob Strüwe, Consultant
About BWTS
For over 15 years, BWTS has been a reliable partner for operators of wind turbines (onshore and offshore), photovoltaics, electromobility, biogas, and hydrogen. With a team of 153 highly qualified employees, more than 12,000 inspections carried out annually, and support for 2,500 wind farms in over 30 countries, BWTS is one of the leading service companies in Europe. The company cooperates with renowned manufacturers such as Siemens Gamesa, Vestas, Enercon, RWE, and EDF and has locations in Germany (Stäbelow, Nordhorn, Hamburg-Süd, Danischenhagen) and France (Amiens).
About WTS Advisory GmbH
WTS Advisory is an independent, innovative solution provider offering targeted consulting and active operational support to companies across the entire CFO agenda. This includes solutions ranging from external reporting, finance department optimization, governance, risk, and compliance issues to M&A and transaction consulting.
WTS Advisory is part of WTS, a global full-service provider of tax consulting and financial and deal advisory services. WTS has 11 locations in Germany and is represented in more than 100 countries worldwide.
The Deal Advisory division of WTS Advisory & WTS offers integrated consulting on financial (WTS Advisory) and tax (WTS) aspects throughout the entire transaction process. The WTS Advisory M&A Strategy and Deal Advisory team supports corporate transactions, for example in the form of financial due diligence investigations and other M&A buy-side and sell-side services, as well as valuation services such as expert and indicative company valuations, fairness opinions, purchase price allocations, impairment tests, and post-deal implementation.
Contact
WTS Advisory GmbH
Dr. Heiko Frank, Partner l Lead M&A Strategy & Deal Advisory
Friedenstr. 22 · 81671 Munich · Germany
T: +49 (0) 89 28646-2394
M: +49 (0) 1709416717
heiko.frank@wts.de
www.wts.com/advisory
