Nordex to acquire Acciona Windpower

Hamburg - Nordex is acquiring Corporaci

The purchase price is paid in cash and new shares issued without subscription rights. The closing of the transaction is subject to standard market conditions, including merger clearance by the relevant competition authorities. In combining their activities Nordex and Acciona Windpower will create a truly global company and in doing so reduce exposure to demand swings in individual markets.

Nordex and Acciona Windpower complement each other in a number of important areas. Nordex has a strong market position in Europe, while Acciona Windpower is well-positioned in the Americas and emerging markets. Nordex products are particularly well-suited for complex projects subject to technical restrictions, while Acciona Windpower

Source: IWR Online, 05 Oct 2015