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Germany

Germany

Senvion acquires blade development firm

GERMANY: Turbine manufacturer Senvion has acquired blade development and manufacturing firm Euros Group in an all-cash transaction.

Senvion said the acquisition will increase its blade production capacity by 25%
Senvion said the acquisition will increase its blade production capacity by 25%

As consolidation in the market continues, the major OEMs are taking design and manufacturing in-house.

Euros, based in Berlin and Poland, is involved in all stages of the blade manufacturing process, Senvion said, including master plug and mould design.

The company's manufacturing facilities in Zory-Warszowice and Ustron in Poland are part of the deal, according to Senvion. In addition to Senvion's blade production sites in Germany and Portugal, the new assets will increase blade manufacturing capacity by 25%.

"The acquisition also includes the production site staff. The facilities in southern Poland are able to produce all onshore mould and blade types, including all blades in the Senvion portfolio," the German firm said.

The move comes three months after Senvion's acquisition of OEM Kenersys' Indian assets, including factories and product 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. This will enable Senvion to enter new markets with new products more quickly," Senvion CEO Jurgen Geissinger said.

In November 2015, Senvion also acquired the RodPack blade technology from US materials firms Chase Corporation.

RodPack uses aligned fibre reinforcement as a substitute for glass fabrics as the main girder in blades. This allows for faster blade production and improves quality meaning greater energy yield and lifetime expectancy.

Senvion's move follows GE's acquisition of LM Wind Power in early October, as the trend of merger and acquisitions by major turbine manufacturers continues.

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