The deal signals a major scaling effort for the firm, which has seen its revenues surge from €61 million in 2020 to a projected €1 billion for the 2026 fiscal year. With a current order book of €2 billion and a project pipeline valued at €16 billion, the company is positioning itself to capture the rising demand for high-voltage infrastructure driven by data centers, battery storage, and the global energy transition.
CEO P.J. Flanagan stated the new capital provides the runway necessary to meet the company’s five-year target of €3 billion in annual revenue. To support this trajectory, H&MV plans to grow its global workforce to 3,000 employees and will open a North American headquarters in Dallas later this year. The firm currently employs over 1,900 people and operates across three continents.
Exponent, which has been a long-term partner to the business, will maintain its stake through the new vehicle. Tim Easingwood, a partner at Exponent, described the investment as a milestone that reflects the company’s critical role in global power infrastructure. The transaction remains subject to regulatory approval and is expected to close in September 2026.
Comments (0)
No comments yet. Be the first!