Nordex, a German maker of turbines for generating electrical power, has purchased SSP Technology in a deal that includes intellectual property, 70 employees, and manufacturing facilities in the southern Denmark town of Kirkeby.Financial terms have not been disclosed.
SSP is a Danish designer and maker of blades such as those used in turbines.In a statement, Nordex said acquiring SSP will allow it to develop "larger, more efficient turbines" and to "respond more flexibly to fast-changing market conditions."
"I am convinced that we will be able to significantly strengthen our innovation ability by integrating the blade experts at SSP.Rotor blades are key to lowering the cost of energy," said Jose Luis Blanco, Nordex's chief operating officer.
Among the jewels in the SSP crown are blade designs for turbines generating 1.5 to 8 megawatts, according to Nordex.
SSP has had a successful run in the blade business, being chosen by Senvion as the manufacturer of blades for a prototype design in 2014.SSP also provided molds. SSP was also the supplier of design, mold, and production services for a 7 megawatt Samsung turbine that was installed in Levenmouth, Scotland.That turbine was purchased by ORE Catapult in 2015.
Nordex purchased the turbine-manufacturing business of Acciona Energia less than a year ago, part of a consolidation trend among manufacturers of windmills for electricity generation.
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