Effective from December 31, 2011, REpower Systems SE has acquired the remaining 49% stake in PowerBlades GmbH from SGL Rotec GmbH & Co. KG, a majority company of SGL Group.
PowerBlades, headquartered in Bremerhaven, was founded in 2007 as a joint venture for the production of rotor blades for wind turbines. Since the beginning of the cooperation, REpower has held 51% of PowerBlades GmbH while SGL Rotec had 49% of the shares. The transaction is subject to the usual antitrust approval. The companies will remain business partners, since SGL Rotec will continue to deliver rotor blades to REpower.
PowerBlades, headquartered in Bremerhaven, was founded in 2007 as a joint venture for the production of rotor blades for wind turbines. Since the beginning of the cooperation, REpower has held 51% of PowerBlades GmbH while SGL Rotec had 49% of the shares. The transaction is subject to the usual antitrust approval. The companies will remain business partners, since SGL Rotec will continue to deliver rotor blades to REpower.
