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SUZLON Wind Energy in Agreement to Acquire Belgium's Hansen Transmissions
Pune, India / Munich, Germany
Suzlon Wind Energy signed a definitive agreement for the strategic acquisition of Hansen Transmissions. Hansen Transmissions is a major wind turbine gearbox manufacturer with state of the art manufacturing facilities in Edegem and Lommel in Belgium. Suzlon gains technological leadership from the integration of research and development, design and production to evolve the next generation of more reliable wind turbines.
In a statement made on this occasion, Mr Tulsi R Tanti, Chairman & Managing Director, Suzlon Energy, said, "The acquisition of Hansen gives us technological leadership and will make Suzlon a leading integrated wind turbine manufacturer in the world. Although the company will be run as an independent business unit, the acquisition of Hansen will allow us to integrate gearbox technology into the total turbine solution enabling a more reliable and competitive product in the marketplace. We find Hansen's technology, products and production facilities to be of the highest qualitycompany has an excellent management team and over a period of time we will work with them in developing supply chain synergies, expanding capacity in Belgium and development of additional capacity in new emerging markets in Asia. We would like to welcome the Hansen team across the World into Suzlon. Hansen's strong presence in the industrial gearbox market is also an important dimension of the business and we see a good opportunity to strengthen it further."
Suzlon Energy Limited ("Suzlon") announced today that its subsidiary, AE - Rotor Holding BV based in Netherlands, has entered into definitive agreements to acquire Hansen Transmissions International NV ("Hansen"), based in Belgium, one of the largest wind energy and industrial gearbox manufacturers in the world, for EUR 465 million (USD 565 million) enterprise value, in an all cash transaction.
The transaction is
Pune, India / Munich, Germany
Suzlon Wind Energy signed a definitive agreement for the strategic acquisition of Hansen Transmissions. Hansen Transmissions is a major wind turbine gearbox manufacturer with state of the art manufacturing facilities in Edegem and Lommel in Belgium. Suzlon gains technological leadership from the integration of research and development, design and production to evolve the next generation of more reliable wind turbines.
In a statement made on this occasion, Mr Tulsi R Tanti, Chairman & Managing Director, Suzlon Energy, said, "The acquisition of Hansen gives us technological leadership and will make Suzlon a leading integrated wind turbine manufacturer in the world. Although the company will be run as an independent business unit, the acquisition of Hansen will allow us to integrate gearbox technology into the total turbine solution enabling a more reliable and competitive product in the marketplace. We find Hansen's technology, products and production facilities to be of the highest qualitycompany has an excellent management team and over a period of time we will work with them in developing supply chain synergies, expanding capacity in Belgium and development of additional capacity in new emerging markets in Asia. We would like to welcome the Hansen team across the World into Suzlon. Hansen's strong presence in the industrial gearbox market is also an important dimension of the business and we see a good opportunity to strengthen it further."
Suzlon Energy Limited ("Suzlon") announced today that its subsidiary, AE - Rotor Holding BV based in Netherlands, has entered into definitive agreements to acquire Hansen Transmissions International NV ("Hansen"), based in Belgium, one of the largest wind energy and industrial gearbox manufacturers in the world, for EUR 465 million (USD 565 million) enterprise value, in an all cash transaction.
The transaction is