Flender has announced the closing of the transaction to acquire Finnish wind turbine gearbox manufacturer Moventas, after receiving approval by the authorities. Moventas is now solely owned by Flender.
Flender Group is now starting the merger of the businesses. During the merger process, business of both Flender and Moventas continue to run as usual. The acquisition marks the next step in Flender’s growth strategy after progressing into independence last year.