| |
Suzlon Energy acquires Hansen Transmissions
Edegem, 17 March 2006. – Suzlon Energy Limited and Hansen
Transmissions Int. NV. have announced today that Suzlon Energy
has acquired gearbox manufacturer Hansen Transmissions. Hansen
was in hands of Allianz Capital Partners and Apax Partners Worldwide.
The purchase price is 465 million euros and involves a 100% share
transfer. No further financial information will be disclosed by
both parties.
Indian Suzlon is the fastest growing wind power company in Asia.
In acquiring Hansen Suzlon confirms its ambition to become a leading
wind turbine manufacturer. “Hansen will be run as an independent
business unit. The acquisition enables Suzlon to integrate gearbox
technology in the development of its wind turbines,” says
Tulsi R. Tanti, President of the Board of Directors of Suzlon
Energy. “Hansen’s technology, products, and production
facilities are of the highest quality. The company is led by an
excellent management team,” adds Tanti. Suzlon will continue
to develop its activities in the Asian market together with Hansen.
The strong presence of Hansen in the industrial drive technology
sector is an important dimension that Suzlon will further develop
together with Hansen.
Hansen is pleased about the acquisition as it creates possibilities
for development for the two Belgian plants as well as for its
Asian activities. Matts Lundgren, CEO of Hansen Transmissions,
says: “The acquisition confirms Suzlon’s trust and
confidence to further develop Hansen. We will continue to manage
Hansen as an independent business unit and strive to exceed customer
expectations.”
About SUZLON ENERGY LTD.:
Suzlon Energy Ltd., the sixth largest company in the wind power
business worldwide, is the fastest growing wind power company
in Asia. It offers customers total wind power solutions including
consultancy, manufacturing, installation, operations & maintenance
services. Suzlon has R&D facilities in Germany, the Netherlands
and India. The international headquarters are in Aarhus, Denmark
where Suzlon has established a subsidiary, Suzlon Energy A/s.
Marketing, sales, installation and service headquarters are located
in the United States (Chicago), China (Beijing) and Australia
(Melbourne). As with Hansen, Suzlon’s quality systems are
in compliance with requirements of ISO 9001:2000 standards. Suzlon
employs approximately 4,000 staff and achieved last year a turnover
of approximately 400 million euros.
About HANSEN TRANSMISSIONS:
Hansen Transmissions International NV is a leading manufacturer
of gearboxes with a strong R&D division, ultra-modern manufacturing
facilities and a business unit for the rapidly growing wind power
sector. Hansen also contributes to various other industrial applications
such as water treatment, material handling and cooling towers.
The company was established in 1923 in Belgium, at present the
location of its headquarters. Its main production sites are in
Edegem and Lommel. Hansen employs 1,200 staff worldwide in its
assembly and service centres in Great Britain, the United States,
South Africa and Australia as well as in its sales offices in
Europe, Brazil, China and Japan. In the 2004/2005 financial year
Hansen achieved a turnover of over 210 million euros. Production
capacity for gearboxes for wind turbines at present is approximately
3,600 Megawatt. In addition Hansen manufactures and assembles
more than 3,000 gearboxes for industrial use.
|
 |
