Herausgeber: Nordex SE
Green light received for merger between Nordex and Acciona Windpower
Hamburg (renewablepress) - “We are now taking the first steps towards establishing our company as a truly global player in the wind turbine industry,” says Lars Bondo Krogsgaard, CEO of Nordex SE.
Following clearance by the competition authorities, the merger of Nordex Group and Acciona Windpower (AWP) can go ahead. All contractual formalities have been completed and 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 Chief Operations Officer 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, Acciona S.A., in return for new Nordex shares and a cash payment. Alongside Nordex’ acquisition of AWP, Acciona S.A. agreed to acquire additional Nordex shares from SKion and momentum-capital. Following said steps Acciona S.A., which is one of the largest owner and operator of wind farms globally, will be the major shareholder in Nordex SE with a total stake of approx. 29.9%.
Nordex CEO, Lars Bondo Krogsgaard, explains, “AWP and Nordex are now one combined company. We will direct all our efforts towards ensuring that our customers will benefit from our new set-up. 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.”
José Luis Blanco, COO and Deputy CEO, ads, “Following many talks with colleagues in Germany and Spain, as well as elsewhere, I am convinced that the employees of Nordex and AWP are fully-committed to the merger. We are a perfect fit in every respect and, working together, face excellent prospects for our new company’s future extending well into the next decade.”
Download press photos:
The description of the photo in English: Signing of the contract between Nordex SE and Acciona S.A. on the merger of Acciona Windpower and Nordex. In the picture: Juan Muro-Lara Girod (Head of Corporate Development Acciona S.A.), Wolfgang Ziebart (Chairman of Supervisory Board Nordex SE) and Lars Bondo Krogsgaard (CEO Nordex SE) (from left to right).
About the new group (Nordex and Acciona Windpower)
The group has installed more than 18 GW of wind power capacity, covering more than 25 markets worldwide. It generated sales of EUR 3.4 billion in 2015, and currently has over 4,800 employees. The production network is comprised of plants in Germany, Spain, Brazil, the United States and soon, also India. The range primarily concentrates on onshore turbines in the 1.5 to 3 MW class, addressing the requirements of developed as well as emerging markets.
Hamburg, 4th April 2016
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About Nordex SE
The development, manufacture, project management and servicing of wind turbines in the onshore segment has been the core competence and passion of the Nordex Group and its more than 7,900 employees worldwide since 1985. As one of the world's largest wind turbine manufacturers, the Nordex Group offers high-yield, cost-efficient wind turbines under the Acciona Windpower and Nordex brands that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.
The focus is on turbines in the 3 to 5MW+ class, and the Group’s comprehensive product portfolio offers individual solutions for both markets with limited space and regions with limited grid capacities. With more than 29 GW of installed capacity worldwide, Nordex Group systems deliver sustainable energy throughout more than 80 per cent of the world’s energy market (excluding China).
Nordex SE is listed on the TecDAX of the Frankfurt Stock Exchange. The management holding company is headquartered in Rostock, while the executive board and administrative offices are based in Hamburg. At production facilities in Germany, Spain, Brazil, the US, and India, the Nordex Group produces its own nacelles, rotor blades and concrete towers. The Group also maintains offices and branches in more than 25 countries.