REpower Places Bid To Acquire Assets Of Schaumann

NAW Staff, Thursday 03 July 2008 - 10:24:52

REpower Systems AG, a manufacturer of onshore and offshore wind turbines based in Germany, has made its logistics partner, Schaumann GmbH & Co. KG, an offer to purchase its vehicle fleet and other operating assets, as well as to acquire of all its employees.

REpower intends to secure transport capacities for wind turbines while maintaining the jobs of Schaumann's more than 30 employees. REpower expects a competitive advantage from integrating the logistics acquisition into its business model due to increased flexibility with regard to shipments, which will also contribute to cost reductions. Both parties have agreed to maintain confidentiality regarding the purchase price.

SOURCE: REpower Systems AG



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