Moventas, which makes turbine gear units and provides condition monitoring and maintenance services to the wind industry, filed for bankruptcy in Finland in June.
The company employs about 1,200 people in 10 countries across its two operating subsidiaries – Moventas Wind and Moventas Santasal, its industrial gear division. It lists sales of €237m in 2009.
Scotland-based CBC has interests in a range of global engineering businesses including David Brown Gear Systems, another industrial gearbox specialist.
Moventas
