German wind turbine maker Enercon GmbH will acquire 100% in Dutch peer Lagerwey, according to the latter’s CEO.
In a message to the Russian Association of the Wind Industry (RAWI), Lagerwey’s CEO Huib Morelisse confirmed the acquisition, saying it would take effect from January 1, 2018.
Langerwey on Thursday said that Enercon has struck a deal to acquire a stake in the company, without disclosing details of the investment, such as its value or the number of shares to be bought.
"Becoming part of the Enercon organisation and Enercon's strong market position means that the Lagerwey technology can be leveraged," said Morelisse.
Following the transaction, Lagerwey will continue to operate as a stand-alone company but will closely cooperate with Enercon “in areas where synergies can be realized.” The target entity is to be able to take advantage of Enercon’s scale in purchasing and production and also its global sales network, while for the German firm the deal is a way to strengthen its onshore wind turbine portfolio.
“This strategic partnership with Lagerwey is a great opportunity to strengthen our market position by enlarging the portfolio with further competitive and reliable wind turbines,” said Hans-Dieter Kettwig, Enercon’s managing director.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.