Bruce Hall, CEO at ONYX commented, “Today marks a new chapter for ONYX which offers exciting new future growth opportunities. This transaction means we can continue to develop unique and innovative solutions to drive down the cost of wind energy and enable higher levels of operational efficiency. ONYX remains focused on delivering value to its customers with greater breadth and scale enabled by the acquisition.”
John Spirtos and Ben Bailey said “ONYX’s fully integrated technology and service offerings set the company apart within the wind condition-based monitoring sector. We look forward to working with ONYX’s management team to grow its portfolio of turbines under monitoring and expand its product offering.”
Larry Handen, Senior Managing Director, Macquarie Capital Growth and Technology, said, “ONYX has established itself as a leading provider of predictive maintenance solutions. Through this investment we aim to support its growth within the industry at global scale, in fitting with Macquarie Capital Growth and Technology’s record in partnering with high-growth, innovative companies.”