Senvion Acquires EUROS To Expand Blade Manufacturing

Posted by Lauren Tyler on November 22, 2016 No Comments
Categories : New & Noteworthy

Wind turbine manufacturer Senvion says it has acquired 100% of the shares of EUROS Group in an all-cash transaction – just three months after announcing the acquisition of Kenersys assets in India.

EUROS, located in Berlin and southern Poland, covers all areas of rotor blade design and production, in addition to master plug and mould design, backed by its product development team. As reported, the fully functional blade, mould 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.

According to Senvion, the facilities in southern Poland are able to produce all onshore mould and blade types, including all blades in the Senvion portfolio.

“With the addition of a mould factory and an experienced mould 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,” says Jürgen Geissinger, CEO at Senvion. “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, [contribute] to lower [levelized cost of energy] efforts.”

Paulo Silva, senior vice president in global blades at Senvion, adds, “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 mould-making, through to the final blade.”

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

In August, 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 3.6M140 turbine for medium wind speeds, in addition to further turbine upgrades.

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