North American Windpower: Wind Turbine Gear Manufacturer Moventas Merges Two Divisions

Wind Turbine Gear Manufacturer Moventas Merges Two Divisions

by NAW Staff on Thursday 16 August 2012

Wind gear manufacturer Moventas Wind Oy and industrial gear manufacturer Moventas Santasalo Oy have announced that they are merging into one company. The new company, named Moventas Gears Oy, continues the operations of both companies.

The company is also centralizing its operational functions in Finland. Moventas' wind gear and industrial gear production will be centralized into two factories in Jyvaskyla by moving the industrial gear production from Karkkila to Jyvaskyla by the end of the year.

The merger, which will become effective Aug. 31, has no personnel or business impacts nor direct impact on the operations of Moventas’ eight subsidiaries abroad, the company emphasizes. Moventas Gears is owned by global engineering group Clyde Blowers through its investment fund. The Santasalo name will remain as a brand under the Moventas industrial gears business area.

Latest Top Stories

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?

Wind Industry Still Awaits First Eagle-Take Permit Under BGEPA

The first wind developer to apply for a take permit under the Bald and Golden Eagle Protection Act has withdrawn its application.