Skip to content


Offshore wind

Onshore wind



Funds acquire SCADA International

Funds advised by London-based Energy Transition investor Magnesium Capital LLP and Morgan Stanley Investment Management, have acquired SCADA Holding A/S, the parent company of SCADA International, the leading provider of mission-critical power plant software and control solutions to the renewable energy sector.

SILKEBORG, DENMARK — January 19, 2023 — The acquisition of SCADA International by funds advised by Magnesium Capital LLP (“Magnesium”) and Morgan Stanley Investment Management, announced on April 7, 2022, was completed on January 5, 2023, following regulatory approval of the transaction. The SCADA International management team is retaining a significant minority position alongside Magnesium and Morgan Stanley Investment Management. Executive Capital, which has been a shareholder since 2010, has fully exited.  

“We are delighted to partner with Magnesium and Morgan Stanley Investment Management in the next phase of our journey.  The partnership gives us the financial capacity to continue investing in R&D and further develop our software solutions, and also allows us to expand our capacity to meet market demand as well as take on strategic acquisitions,” says Thomas Bagger, CEO at SCADA International. 

SCADA International is facing unprecedented growth in the coming years, supported by strong market demand which is driven by societal, economic, and geopolitical factors.  “I believe we, in close cooperation with our new investors, can accelerate our growth over the coming years. It will be an exciting future, and we are indeed looking forward to this new chapter of our journey”, Thomas Bagger adds. 

Magnesium’s Managing Partner, Ian Jones, says: “SCADA International sits at the heart of the Danish renewables industry, yet its solutions and services are key enablers of the energy transition globally.  The Company contributes to the push towards low-carbon energy and is a clear fit with our investment strategy here at Magnesium. We look forward to working with Thomas and his team to continue the growth and development of the business over the coming years.” 

Vikram Raju, Managing Director and Head of Climate Investing for the Private Credit and Equity platform of Morgan Stanley Investment Management, adds:  

“We look forward to this new partnership and are excited about the opportunity to positively contribute to the decarbonization of the energy system and deliver demonstrable environmental impact by supporting SCADA International’s future development. Denmark is a leading player in the green energy transition, and we see great potential in innovative Danish companies like SCADA International that are built on the foundation of empowering a renewable future.”

About Magnesium Capital

Magnesium Capital is a London-based growth-oriented private equity firm that invests in fast-growing technology and tech-led businesses that are transforming the way we produce, distribute, and consume energy & resources. The firm has a flexible investment approach and looks to partner with exceptional management teams to provide capital and strategic support to companies looking to accelerate their growth and enable the ongoing energy transition.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,200 investment professionals around the world and $1.3 trillion in assets under management or supervision as of December 31, 2022. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.

For further information about Morgan Stanley Investment Management, please visit

You should consider reading

Offshore wind
Onshore wind
Wind energy


Green Shipping


New publication explores Denmark’s push to decarbonise global shipping

5 December 2023
As climate and energy leaders gather at COP28, a newly launched publication highlights Denmark’s commitment to accelerating the global transition towards climate-neutral shipping.


Climate COP


COP28: New global alliance to advance negative emissions

11 December 2023
It is not enough for all countries to aim for climate neutrality; some must go beyond and become climate-negative. Aimed at achieving this after 2045, Denmark has launched the GONE alliance with like-minded countries.


Climate COP


Climate ministers convene in Denmark to set the course towards COP29

11 March 2024
For the third year running, COP discussions get off to an early start at the Copenhagen Climate Ministerial. This year’s ministerial, hosted by Denmark in cooperation with the former and current COP presidencies of the United Arab Emirates and Azerbaijan, will prepare the path towards a successful COP29 in Baku.




Green hydrogen is Danish hydrogen

19 September 2023
Get a full overview on how hydrogen can produce green fuels for transport and industry, create value for electricity supply and the electricity grid, and deliver heat for district heating - provided the input is green energy.