Centerbridge completes acquisition of Senvion

27 May 2015


The wind turbine manufacturer Senvion SE, previously part of the Indian group Suzlon Energy, has changed owners. Centerbridge Partners has successfully completed the acquisition of Hamburg-based Senvion. All the necessary administrative, legal and financial preparations for the transfer of ownership are now completed. The relevant anti-trust authorities have approved the transaction.
Andreas Nauen, CEO of Senvion, said: "With its leading product portfolio, market position and by leveraging Centerbridge's strong network, Senvion is now very well placed to benefit from the continued shift towards renewable energy and to continue our course of profitable growth. We will continue to expand our onshore market share, both in our top five markets of Germany, the UK, Australia, Canada and France and in other target markets and will also cement our strong position in the offshore market."
Stefan Kowski, managing director of Centerbridge, said: "Senvion is a highly innovative company with outstanding technology, a leading market position and an experienced, committed workforce and strong prospects. By working closely with the management, we want to help to further accelerate the company's growth plans by investing in product development, service excellence and expansion in new markets."
Senvion will remain headquartered in Hamburg, Germany



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