Haizea Bilbao S.L
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Haizea Bilbao S.L - overview
Established
2017
Location
-, Bizkaia, Spain
Primary Industry
Renewable Energy
About
Based in Bizkaia, Spain, and founded in 2017, Haizea Bilbao S. L, a. k. a.
Haizea Wind Group is a wind energy company that designs, manufactures, and assembles large metal structure and cast components for wind turbines to supply wind. Haizea Wind Group is composed of Haizea Bilbao, Haizea Tecnoaranda, Haizea Grupo WEC, Haizea Sica, and Haizea Breizh. In addition, the company has facilities located in the Port of Bilbao, Agurain, Itziar, and Aranda de Duero, Spain, Port of Brest, France, and Argentina. As of December 2022, Borja Zarraga is the CEO of Haizea Wind Group and employs about 1,100 employees.
Haizea Wind Group’s business lines include the manufacturing and installation of onshore and offshore wind towers, delivery of offshore foundations, as well as production of cast components. The company’s casting business unit includes a foundry, machining and surface treatment, and logistics divisions to deliver the cast components. As of December 2022, the company casts about 30,000 tons per year with more than 12,000 sections.
Current Investors
MCH Private Equity
Primary Industry
Renewable Energy
Sub Industries
Renewable Energy
Website
www.haizeawindgroup.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Haizea Bilbao S.L - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 3,121,000 | 32,891,000 | 41,597,000 | 65,005,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | 953.9% | 26.5% | 56.3% | - | - | - |
| EBITDA (USD) | (613,000) | (3,802,000) | (13,679,000) | (3,578,000) | 1,974,000 | - | - | - |
| Operating Income (USD) | (613,000) | (4,549,000) | (16,031,000) | (6,054,000) | (412,000) | - | - | - |
| Operating Margin | - | (145.8%) | (48.7%) | (14.6%) | (0.6%) | - | - | - |
| % EBITDA Margin | - | (121.8%) | (41.6%) | (8.6%) | 3.0% | - | - | - |
| NET Income (USD) | (695,000) | (5,436,000) | (18,485,000) | (8,537,000) | (2,294,000) | - | - | - |
| % Net Margin | - | (174.2%) | (56.2%) | (20.5%) | (3.5%) | - | - | - |
Haizea Bilbao S.L - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Haizea Bilbao S.L | - |
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