Moventas acquires David Brown wind
Moventas has taken over the wind gearbox operation of David Brown Gear Systems, creating a new company called DB Wind UK.
The deal includes David Brown’s UK-based production unit and test facilities, and creates what Finland-based Moventas claims is an operation in prime shape to serve the needs of manufacturers designing multi-megawatt offshore wind turbines.
Moventas and David Brown are both owned by UK private equity group Clyde Blowers Capital (CBC).
CBC acquired Moventas in late 2011.
Moventas said DB Wind UK will continue David Brown’s drivetrain development work for Samsung’s 7MW offshore turbine.
The new company will produced the 7MW gearboxes with engineering and component supply from both UK and Finland, it added.
This will add to Moventas’s existing technology interests, which include Areva's offshore offerings.
“The acquisition makes Moventas the world-leading multi-megawatt and offshore wind gearbox manufacturer,” the company claimed, adding that the deal made sense ahead of the expected steep growth of the UK offshore sector.
The Finnish company said the deal would also speed its entry into the UK and Irish wind service market, where David Brown has a strong position.