Wind turbine maker Senvion acquires EUROS

Posted: 29th November 2016 08:33

Senvion, a global manufacturer of wind turbines, has acquired 100% of the shares of EUROS Group (Berlin, Germany). EUROS covers all areas of rotor blade design and production as well as master plug and mold design. EUROS' mold and master plug manufacturing facilities in Żory-Warszowice and Ustron in Poland are part of the transaction. The acquisition also includes the production site staff. The facilities in southern Poland are able to produce all onshore mold and blade types, including all blades in the Senvion portfolio.

Jürgen Geissinger, CEO at Senvion, says, "The EUROS transaction successfully builds on Senvion's product innovation and market entry strategy. With the addition of a mold factory and an experienced mold and blade development team, Senvion will be able to reach a shorter time to market for new blades and also be able to produce additional new blades with a reduced time to market. This will enable Senvion to enter new markets with new products more quickly. This strategic move is important to further prepare for our next market entries and also to achieve cost savings and thereby contributing to lower LCOE efforts."

Paulo Silva, senior vice president Global Blades at Senvion, adds, "Senvion is pleased to announce this partnership with the experienced and skilled blade development team at EUROS. This agreement will help us to benefit from the complementary skill sets and the rich and varied experience of the EUROS team, in addition to expanding and complementing our own blade capacities. Together, we will be able to offer complete blade solutions in-house — from the development and the moldmaking through to the final blade."

Michael Wolf, managing director of EUROS group, states, "EUROS and its employees see the acquisition by Senvion with great optimism. The obtained know-how over the past 20 years about innovative tools for rotor blade engineering for on- and offshore areas, including mold design and construction as well as blade production, can now be applied on a broader scale. Additionally, we aspire to make use of synergies when cooperating with Senvion's partners to contribute to achieving Senvion's product strategy."

To date, Senvion has produced its blades in Bremerhaven, Germany, and Vagos, Portugal. With the addition of the EUROS production sites in Poland, Senvion will control both the end-to-end production cycle and also expand its blade manufacturing capacity by 25%.

In August 2016, Senvion announced the acquisition of the assets of the Indian wind turbine manufacturer Kenersys. The wind turbines K82 (2.0 MW), K100 (2.6 MW), K110 (2.4 MW) and K120 (2.3 MW) are part of the planned acquisition. Additionally, in September, the company presented its new turbine 3.6M140 for medium wind speeds, as well as further turbine upgrades.

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