European Green Transition (EGT ) has entered into an agreement to acquire a further 27% of Anemos Analytics Ltd, increasing its total interest in Anemos from 52% to 79%.
Anemos is a Scotland-based condition monitoring software technology provider, specialising in predictive maintenance solutions for the wind energy sector.
Anemos' technology provides real-time condition monitoring of wind power generation technology using tri-axial sensors and high-frequency data capture, enabling the early detection of turbine component degradation.
This allows operators to take proactive, preventative action, including optimised maintenance scheduling and timely component replacement, helping to reduce unplanned downtime, revenue loss and emergency repair costs.
Identified issues can be acted upon by EGT's subsidiary, Earthmill, which delivers maintenance and repair response.
EGT acquired an initial 52% interest in Anemos in February 2026, on a debt-free, cash-free basis, as part of its acquisition of the Wind Energy Services group from the liquidators of Arena Capital Partners.
ACP had entered insolvency proceedings in Ireland in September 2025, approximately five months after Anemos commenced trading in April 2025. As part of the acquisition, all historic indebtedness owed by Anemos to ACP was extinguished in full.
The Wind Energy Services business acquired by EGT generated approximately £14.7 million of revenue for the financial year ended 31 December 2025, across contracted and recurring operating and maintenance, repairing, repowering projects, and condition-monitoring revenues. Anemos accounted for around £210,000 of this revenue.
Following the acquisition, EGT identified that Anemos had been undercapitalised during the liquidation period, resulting in approximately £40,000 of short-term creditor obligations falling overdue.
EGT considered it appropriate to resolve this position promptly and, in doing so, has increased EGT's shareholding in Anemos to 79% through a nominal equity subscription for the provision of an intercompany working capital facility of £40,000.
Anemos commenced trading just over 12 months ago and since inception, and is now installed and operational on 119 turbines across the UK.
Each monitoring contract is structured on a five-year term, generating contracted recurring revenue and providing both Anemos and EGT with a high degree of forward revenue visibility.
Anemos has contracts in place for the installation of its technology across a further 11 turbines in the near term and has built a robust pipeline of new opportunities across the UK.
"Since acquiring our initial stake in Anemos earlier this year, we have been highly encouraged by the strength of its technology, early commercial traction and the clear strategic fit within our Wind Energy Services business,” said Cathal Friel, executive chair of EGT.
“Increasing our ownership to 79% reflects our belief in the growth potential we see across the onshore wind market and the value we see in further integrating Anemos' predictive analytics capability with Earthmill's O&M services. 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, and we look forward to supporting the Anemos team as the business grows across onshore wind and pursues opportunities in adjacent markets such a hydro, shipping and larger wind."
View from Vox
EGT believes there is a compelling growth opportunity for Anemos across the UK onshore wind sector and that it is well positioned to capitalise on this in the years ahead. The market showed cautious signs of agreement, boosting the shares by just over 2% on the news. Worth noting also that EGT shares are now trading not far off a 12-month high. The move into wind power is creating cashflow, and that in turn is creating confidence in the wider vision.