Senvion, a global manufacturer of wind turbines, has acquired 100% of the shares of EUROS Group in an all-cash transaction. This is just three months after announcing the acquisition of Kenersys’ assets in India.
EUROS, located in Berlin and southern Poland, covers all areas of rotor-blade design and production, backed by its skilled product development team. The fully functional blade, mould and master plug manufacturing facilities (and jobsite personnel) in Żory-Warszowice and Ustron in Poland are part of the transaction.
The facilities in southern Poland are able to produce all onshore mould and blade types, including all blades in the Senvion portfolio.
“With the addition of a mould factory and an experienced mould and blade development team, Senvion will be able to reach a shorter time to market for new blades and also be able to produce additional new blades with a reduced time to market,” said Jürgen Geissinger, CEO at Senvion. “This strategic move is important to further prepare for our next market entries and also to achieve cost savings and thereby contributing to lower LCoE efforts.”
To date, Senvion has produced its blades in Bremerhaven in Germany and Vagos in Portugal. With the addition of the EUROS production sites in Poland, Senvion will control both the end-to-end production cycle and also expand its blade manufacturing capacity by 25%.
“EUROS and its employees see the acquisition by Senvion with great optimism. The obtained know-how over the past 20 years about innovative tools for rotor blade engineering for on- and offshore areas including mould design and construction, as well as blade production can now be applied on a broader scale,” said Michael Wolf, Managing Director of EUROS group.
He added: “Additionally, we aspire to make use of synergies when cooperating with Senvion’s partners to contribute to achieving Senvion’s product strategy.”
In August 2016, Senvion announced the acquisition of the assets of the Indian wind-turbine manufacturer Kenersys. The wind turbines K82 (2.0 MW), K100 (2.6 MW), K110 (2.4 MW), and K120 (2.3 MW) are part of the planned acquisition. Additionally, in September, the company presented its new turbine 3.6M140 for medium wind speeds, as well as further turbine upgrades.
Filed Under: News, Turbines