Acciona Windpower and Nordex Complete Merger

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Following clearance by the competition authorities, the merger of Nordex Group and Acciona Windpower (AWP), all contractual formalities have been completed. The transaction has closed and is now final.

Following the closing of the transaction, the supervisory board of Nordex SE appointed José Luis Blanco as COO and deputy CEO and Patxi Landa as chief sales officer to the management board. Both managers have held top positions at AWP. Lars Bondo Krogsgaard and Bernard Schäferbarthold will maintain their positions on Nordex SE’s management board as CEO and CFO, respectively.

In October 2015, Nordex and AWP announced that they planned to combine their activities to establish a wind energy player with global market presence and a comprehensive product range.

The transaction entailed the acquisition by Nordex of AWP from its parent company, Acciona S.A., in return for new Nordex shares and a cash payment. Alongside Nordex’s acquisition of AWP, Acciona S.A. agreed to acquire additional Nordex shares from SKion-Momentum Capital. Following said steps, Acciona S.A., which is one of the largest owners and operators of wind farms globally, will be the major shareholder in Nordex SE with a total stake of approximately 29.9 percent.

“AWP and Nordex are now one combined company,” Krogsgaard said. “We will direct all our efforts toward ensuring that our customers will benefit from our new setup. With global reach and high-efficiency wind turbines perfectly tailored for all conditions and projects, we are in a good position when it comes to supporting our customers.” 

— Source: Nordex Group

For more information, go to www.acciona-windpower.com.