Alstom is taking a significant step into wind power generation with the signature on 25 June 2007 of an agreement to buy Spanish wind turbine company, Ecotècnia, for € 350 million (debt free/cash basis).
Ecotècnia employs 765 people. Its five factories in Spain are located in Coreses (Zamora), Somozas and Rio de Pozo (Galicia), Bunuel (Navarre) and Pla de Santa Maria (Catalonia). In 2007, Ecotècnia should achieve sales between € 300 and 350 million, with an estimated EBITDA margin of 7%. Alstom's acquisition of Ecotècnia will be finalised once the legal consultations and the procedures necessary to modify the company's structure have been successfully completed. Ectotècnia is currently a cooperative and will be transformed into a limited liability company prior to the planned acquisition by Alstom.
