Nordex has signed an agreement to acquire the wind power business of Acciona S.A. for \u20ac785 million (US$882 million) in cash and shares.<\/p>\n
Acciona\u2019s wind power business is grouped under its subsidiary, Corporacion Acciona Windpower S.L., which is subject of the acquisition by Nordex. The deal is subject to standard market conditions, including merger clearance by the relevant competition authorities. \u201cIn combining their activities Nordex and Acciona Windpower will create a truly global company and in doing so reduce exposure to demand swings in individual markets,\u201d Nordex said in a press statement.<\/p>\n
\u201cNordex and Acciona Windpower complement each other in a number of important areas. Nordex has a strong market position in Europe, while Acciona Windpower is well-positioned in the Americas and emerging markets. Nordex products are particularly well-suited for complex projects subject to technical restrictions, while Acciona Windpower\u2019s products are primarily aimed at large-scale wind farms that require efficient and sturdy machines for unconstrained terrains.\u201d<\/p>\n
The purchase price for Acciona Windpower comprises a cash payment in the amount of \u20ac366.4 million and \u20ac16.1 million new Nordex shares valued at \u20ac26.00 each. Alongside the transaction, Nordex\u00b4 current main shareholders SKion\/momentum, which is controlled by the member of the its board Jan Klatten, will sell shares in Nordex to Acciona, which is one of the biggest owners and operators of wind farms in the world.<\/p>\n
SKion\/momentum\u00b4s and Acciona post-transaction shareholdings in Nordex will be 5.7% and 29.9% respectively. SKion\/momentum remains committed to Nordex as a shareholder.<\/p>\n
\u201cBy acquiring Acciona Windpower Nordex will hold a very strong position throughout the transformation in the wind industry,\u201d said Dr. Wolfgang Ziebart, Chairman of the Supervisory Board of Nordex SE. \u201cWe now earn the fruits of our strong commitment to research and development.<\/p>\n
\u201cWith this in mind my special thanks goes to both our shareholders SKion and momentum capital: Over nearly ten years now they have been excellent advisors to Nordex in every phase of the company and supported significantly the transition to a technology leader in wind turbine manufacturing. With their transaction SKion and momentum pave the way for Nordex to continue with a long-term-oriented and family-led anchor shareholder.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Nordex has signed an agreement to acquire the wind power business of Acciona S.A. for \u20ac785 million (US$882 million) in cash and shares.<\/p>\n
Acciona\u2019s wind power business is grouped under its subsidiary, Corporacion Acciona Windpower S.L., which is subject of the acquisition by Nordex. <\/p>\n
The deal is subject to standard market conditions, including merger clearance by the relevant competition authorities.<\/p>\n","protected":false},"author":2,"featured_media":4796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[686,681,683,687,677,680],"tags":[],"class_list":["post-4795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-americas","category-asia-pacific","category-deals-finance","category-europemiddle-eastafrica","category-head-lines","category-wind"],"yoast_head":"\n