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Finland's Proventia Oy increases share in turbine manufacturer WinWind Oy
1 October 2004
Proventia Oy, an industrial technology company based in Helsinki, Finland, has completed the acquisition of a majority 65% holding in Finland's only wind turbine manufacturer, WinWind Oy. The purchase boosts Proventia's investment in WinWind to EUR 3.5 million. The wind company will now merge with Proventia but remain an independent affiliate. The remaining 35% of WinWind is owned by Powest Oy, Voimarakenne Oy and Ramaster Oy. Proventia's core areas of activity include the design and development of environmentally friendly technologies and solutions. "WinWind's competitive products provide opportunities for significant growth and internationalisation in the near future," says Lassi Noponen, Proventia Oy's CEO.
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