Centerbridge acquires Senvion for €1bn

The €1bn all-equity deal also saw Suzlon secure a future earn-out option of up to €50m.

The sale is in line with Suzlon's strategy to reduce debt and focus on its home market, as well as the US and emerging markets.

Company
Hamburg-headquartered Senvion develops, produces and manufactures onshore and offshore wind turbines. It also provides maintenance, transport, installation, foundation planning and construction services.

Turbines are manufactured at four sites in Germany, as well as in Portugal, Canada and India. The company has 3,400 employees and has manufactured and installed 5,800 turbines worldwide to date.

People
Tulsi Tanti is chairman of Suzlon Group. Stefan Kowski is managing director at Centerbridge.

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