• SGL Rotec sells 49% stake to REpower
• Further growth in the offshore sector
Hamburg/Bremerhaven/Wiesbaden, January 10, 2012. Effective
from December 31, 2011, REpower Systems SE has acquired by
purchase the remaining 49% stake in PowerBlades GmbH from
SGL Rotec GmbH & Co. KG, a majority company of SGL Group.
PowerBlades, headquartered in Bremerhaven, was founded in
2007 as a joint venture for the production of rotor blades
for wind turbines. Since the beginning of the cooperation,
REpower has held 51% of PowerBlades GmbH while SGL Rotec
had 49% of the shares. The transaction is subject to the
usual antitrust approval.
"The acquisition of the shares enables us to continue
growth at our site in Bremerhaven as well as in the
offshore sector and also to further guarantee the excellent
quality of our turbines and components. The production of
rotor blades is a key function in the manufacturing process
of wind turbines", says Gregor Gnädig, Chief Operating
Officer (COO) of REpower Systems SE. More than 1,000 rotor
blades for wind turbines have been manufactured since the
start of production at PowerBlades in 2008.
Norbert Müller, Managing Director of SGL Rotec, adds:
"The joint venture was a good opportunity for both
partners to build on their expertise in the area of
offshore blade production. Now the time has come that the
location should be further developed under the auspices of
just one company. SGL Rotec expanded its own capacities at
its plant in Lemwerder in 2010 and will now concentrate in
the further extension of this site, which is specialized in
the production of rotor blades and moulds for wind turbine
manufacturers."
The companies will remain business partners, since SGL
Rotec will continue to deliver rotor blades to REpower.
REpower Systems SE, a wholly owned subsidiary within Suzlon
group, is one of the world's leading manufacturers of
onshore and offshore wind turbines. The international
mechanical engineering company develops, produces and
markets wind turbines for almost any location - with rated
outputs of 1.8 MW to 6.15 MW and rotor diameters of 82
metres to 126 metres. Furthermore, the company offers its
customers project specific solutions in the areas turnkey,
service and maintenance, transport and installation as well
as foundation planning and construction. The profitable and
reliable systems are designed at the REpower TechCenter in
Osterrönfeld and manufactured at its plants in Husum (North
Friesland), Trampe (Brandenburg) and Bremerhaven as well as
Portugal and China.
With just under 2,500 employees worldwide the company
headquartered in Hamburg can make use of the experience
gained from the manufacture and installation of around
3,500 wind turbines around the world. REpower is
represented by distribution partners, subsidiaries and
participations in European markets such as France, Belgium,
the UK, Italy, Portugal, Sweden, Poland and Spain as well
as on a global level in the USA, China, Australia and
Canada.
SGL Group is one of the world's leading manufacturers of
carbon-based products. It has a comprehensive portfolio
ranging from carbon and graphite products to carbon fibers
and composites. SGL Group's core competencies are its
expertise in high-temperature technology as well as its
applications and engineering know-how gained over many
years. These competencies enable the Company to make full
use of its broad material base. SGL Group's carbon-based
materials combine several unique properties such as
electrical and thermal conductivity, heat and corrosion
resistance as well as high mechanical strength combined
with low weight. Due to the paradigm shift in the use of
materials, there is a growing demand for SGL Group's
high-performance materials and products from an increasing
number of industries. Products from SGL Group are used
predominantly in the steel, aluminum, automotive, chemical
and glass/ceramics industries. However, manufacturers in
the semiconductor, battery, solar/wind energy,
environmental protection, aerospace and defense industries
as well as in the nuclear energy industry also figure among
the Company's customers.
With 45 production sites in Europe, North America and Asia
as well as a service network covering more than 100
countries, SGL Group is a company with a global presence.
In 2010, the Company's workforce of around 6,300 generated
sales of €1,382 million. The Company's head office is
located in Wiesbaden/Germany.
SGL Rotec GmbH & Co. KG is a manufacturer of high quality rotor blades for wind turbines. SGL Rotec is a joint venture between Abeking & Rasmussen Schiffs- und Yachtwerft and SGL Group - The Carbon Company, one of the worldwide leading manufactures of carbon-based products. The portfolio of SGL Group range from carbon and graphite products to carbon fibers and composites.
This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.
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