Vestas
Has anyone done any due diligence on the GE company structure and who actually owns what, especially as they continue to expand globally?
The idea of a roll-up / shut down of subsidiaries to eliminate long-dated liabilities (eg warranties) is always a risk, but I don’t have a complete understanding of the GE corporate structure, different brands and countries of operation.
What I’ve learned so far:
Jason Osler founded JMHing Power Ltd - this is in some of the original inverter compatibility statements. At some points assets are sold transferred into GivEnergy Ltd.
UK entities with Osler as an officer include
- 1001010101 LTD
- Energy Storage Consultants Ltd
- GivEnergy Property Ltd
- GivEnergy Commercial Ltd
- GivEnergy Software Ltd
- GivEducation Ltd
- JMHing Power Ltd
- JMHing Power No2 Ltd (being dissolved)
- Orange Power Ltd
- Osler Holding Ltd (previously GivEnergy Support Team Ltd)
- Satori Education Ltd
Jason Howlett becomes global CEO in June 2024, previously group CEO (joined GivEnergy from Segen in Oct 2022).
1) GivEnergy Ltd (UK) shareholders transferred equity in May 2023 to become shareholders in…
2) GivEnergy Group Ltd (UK), who then transferred their equity in Aug 2023 into…
3) GivEnergy Pte. Ltd (Singapore), which is owned outright by…
4) ZHUHAI HENGQIN GIVENERGY INVESTMENT CO., LTD.
GivEnergy Australia Pty Ltd appears to be the entity that operates the Australian business. There’s also another registered entity with GivEnergy in the name: GivEnergy UK (Aust) Pty Ltd.
GivEnergy Europe BV is based in the Netherlands (.de and .nl domains).
GivEnergy SouthAfrica (.za domain) is based in Johannesburg - announced as a 50:50 JV with Invicta Holdings.
I’ve found references to Shenzhen GivEnergy Technology Co., Ltd - which I believe is the manufacturing arm.
So it looks like it all rolls up into the Chinese investment company. So perhaps no longer UK owned?
Addresses:
SG : 9 RAFFLES PLACE, #20-05, REPUBLIC PLAZA, SINGAPORE (048619)
CN (invest co): 2314, B, 23/F, 108, HUITONG THIRD ROAD, HENGQIN, ZHUHAI, CHINA
AU : Level 1, 1 Queens Road, Melbourne 3004
Victoria, AUSTRALIA
NL : Pelmolenlaan 16 – 18, 3447 GW Woerden, Nederland
ZA : 3 Droste Cres, Droste Park, Johannesburg, South Africa 2001