04.04.2016
Nordex SE DE000A0D6554
DGAP-News: Green light received for merger between Nordex and Acciona Windpower
DGAP-News: Nordex SE / Key word(s): Mergers & Acquisitions/Merger
Green light received for merger between Nordex and Acciona Windpower
04.04.2016 / 07:29
The issuer is solely responsible for the content of this announcement.
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Green light received for merger between Nordex and Acciona Windpower
Hamburg, 4th April 2016. "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."
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.
For more information, please contact:
Nordex SE
Ralf Peters
Telephone + 49 40 300 30 - 1000
[email protected]
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04.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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450811 04.04.2016
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