- Published: 04 April 2016 04 April 2016
Following clearance by the competition authorities, the merger of Nordex Group and Acciona Windpower (AWP) can go ahead. All contractual formalities have been completed and the transaction has closed and is now final.
Following the closing of the transaction, the Supervisory Board of Nordex SE appointed José Luis Blanco as Chief Operations Officer and Deputy CEO, and Patxi Landa as Chief Sales Officer to the Management Board (both managers have held top positions at AWP). Lars Bondo Krogsgaard and Bernard Schäferbarthold will maintain their positions on Nordex SE’s Management Board as CEO and CFO, respectively. The transaction entailed the acquisition by Nordex of AWP from its parent, Acciona S.A., in return for new Nordex shares and a cash payment. Alongside Nordex’ acquisition of AWP, Acciona S.A. agreed to acquire additional Nordex shares from SKion and momentum-capital. Following said steps Acciona S.A., which is one of the largest owner and operator of wind farms globally, will be the major shareholder in Nordex SE with a total stake of approx. 29.9%.