Senvion Acquires Euros as Next Step of Its Product Strategy

252

Senvion, a leading global manufacturer of wind turbines, has acquired 100 percent of the shares of Euros Group in an all-cash transaction, 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 as well as master plug and mold design, backed by its skilled product development team.

The fully functional blade, mold, and master plug manufacturing facilities in Żory-Warszowice and Ustron in Poland are part of the transaction. The acquisition also includes the production site staff. The facilities in southern Poland are able to produce all onshore mold and blade types, including all blades in the Senvion portfolio.

“The Euros transaction successfully builds on Senvion’s product innovation and market entry strategy,” said Jürgen Geissinger, CEO at Senvion. “With the addition of a mold factory and an experienced mold 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. This will enable Senvion to enter new markets with new products more quickly. 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.”

“Senvion is pleased to announce this partnership with the experienced and skilled blade development team at Euros,” said Paulo Silva, senior vice president of global blades at Senvion. “This agreement will help us to benefit from the complementary skill sets and the rich and varied experience of the Euros team, in addition to expanding and complementing our own blade capacities. Together, we will be able to offer complete blade solutions in-house — from the development and the mold-making through to the final blade.”

“Euros and its employees see the acquisition by Senvion with great optimism,” said Michael Wolf, managing director of Euros group. “The obtained know-how over the past 20 years about innovative tools for rotor blade engineering for on- and offshore areas including mold design and construction as well as blade production can now be applied on a broader scale.”

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 percent.

Source: Senvion

For more information, go to www.senvion.com