- 28 February 2017
Bech-Bruun assists on sale of YGS Group to Danhydra
Yesterday, 27 February 2017, Lars Birkkjær Nielsen completed the sale of YGS Group to Danhydra.
YGS Group is a young production enterprise (established by Lars Birkkjær Nielsen in 2010), providing custom-made grease pumps, containers, GPS trackers, tools, etc. for the wind turbine industry. Their most significant customers are the Vestas group, DB Schenker and E.ON. YGS Group has a staff totalling around 50 on premises in Videbæk, Denmark, Grimma, Germany, and Denver, USA, and in 2016 the company’s saw a revenue of approx. DKK 85.7m and an EBITDA of DKK 11.8m.
Danhydra develops, manufactures and provides services for a range of specific hydraulic system and component solutions for various sectors within almost all industries.
Lars Birkkjær Nielsen will remain with the company and also become one of the owners of Danhydra.