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Effective from December 31, 2011, REpower Systems SE has acquired 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 companies will remain business partners, since SGL Rotec will continue to deliver rotor blades to REpower.
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