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17:48 el 11 abril 2016

ACCIONA Windpower and Nordex complete integration to create a new wind industry leader

ACCIONA Windpower and Nordex have completed their integration to create a new wind industry leader in a transaction valued at €785m.

 

The transaction entailed the acquisition by Nordex of ACCIONA Windpower from ACCIONA Group, in return for a combination of cash and new shares. ACCIONA has reinvested the received cash reaching a 29.9% stake in the combined entity, and becoming its major shareholder.

 

The integration of ACCIONA Windpower into Nordex creates a new, globally-positioned European powerhouse in the wind industry with manufacturing facilities in Germany, Spain, Brazil, the United States and soon India.

 

As part of the integration process, the Nordex Supervisory Board will appoint two new members to its Management Board: José Luis Blanco as COO/Deputy CEO, and Patxi Landa as Chief Sales Officer.

 

 

(Press release)

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