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NedWind sold to NEG Micon
1 October 1998
The activities of leading Dutch wind turbine manufacturer NedWind BV passed to Danish wind giant NEG Micon A/S on October 1 following the conclusion of takeover negotiations begun in June. According to NEG Micon, NedWind will continue as an independent company covering NEG Micon activities in the Benelux, Caribbean and "a few other markets." Production of NedWind's own turbines will continue for the time being but with NEG Micon products being phased in as quickly as is commercially possible. Founded in 1976, NedWind currently claims a 25% share of the domestic wind turbine market and holds orders for NLG 100 million. NedWind will remain responsible for its own R&D program which the company believes will be strengthened through access to NEG Micon products, technology and sales and procurement networks. Development of the latest NedWind megawatt turbine will continue with the prototype NW 62/3 due to be installed on the Maasvlakte flood plains in the western Netherlands in the near future. The R&D department has also been charged with the development of a 1.5 MW turbine type for the NEG Micon group. In the future, NedWind believes that it will be able to begin the implementation of Dutch offshore projects from a consolidated market position. Neither company is willing to disclose the price of the acquisition.
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