Flender has reached an agreement to acquire Finnish wind turbine gearbox manufacturer Moventas from investor N4 partners. The planned acquisition marks the next step in Flender’s growth strategy after progressing into independence last year.
Integrating Moventas’ engineering and service capabilities will further foster Flender’s wind drives business under the Winergy product brand. The Moventas global production and service network adds an additional three gigawatts wind gearbox assembly capacities, next to capabilities in field services as well as gear manufacturing. The acquisition is still subject to approval by authorities and is expected to close in summer 2022. It would then include the full scope of Moventas Gears Oy business with all global production and service facilities.