N4 Partners (N4) is delighted to complete the sale of wind turbine gearbox manufacturer Moventas to Flender, a leading global supplier for mechanical and electrical drive systems headquartered in Germany who are backed by the Carlyle Group.
The deal includes Moventas’ 22GW of installed base and an additional 3GW of wind gearbox assembly capacities.
Allan Dowie, Partner at N4 Partners and Chairman of Moventas, commented:
“We would like to wish Moventas all the very best for the future and are confident that, in Flender, we have a global buyer who can harness Moventas’ leading wind energy expertise and extensive product portfolio.”
Please click here to view the original press release from Flender.