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Integrated Wind Solutions' 75%-owned subsidiary ProCon Group has completed an all-share merger with Hyndla, forming a combined entity under the ProCon brand focused on offshore wind electrical solutions. IWS Services will own 52.5% of the combined entity.
“The merger aims to streamline the delivery of critical infrastructure for the offshore wind sector, reduce interface risks and lower costs.”mainsights.io
Summarized from public sources; check the original articles before acting on it.