GE completes LM acquisition

28 April 2017

GE has completed the acquisition of Danish wind turbine blade supplier LM Wind Power, it has announced.

The US equipment giant purchased Denmark-based LM Wind from private equity firm Doughty Hanson after receiving approvals from regulators in the EU, USA, China and Brazil. It says that the deal will strengthen its supply chain and increase its competitiveness.

“With LM’s technology and blade engineering, we are now able to improve the overall performance of our wind turbines, lowering the cost of electricity and increasing the value for our customers,” said Jérôme Pécresse, President and CEO of GE Renewable Energy. “Together, we are set to capitalize on the expansion of renewable energy and be a growth engine for GE.”

The wind business is the fastest-growing segment of GE’s power generation business. LM’s acquisition will enable GE to develop, design and produce its own wind turbine blades for onshore and offshore wind turbines.

LM will be run as an individual operating unit within GE and will also continue to supply blades to other wind turbine manufacturers because of protocols and safeguards that have been established to protect customers’ confidential data.

Linkedin Linkedin   
Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.