The biggest chunk of the financing comes from a new five-year, €950m syndicated guarantee facility agreed with 14 German and international banks.

"In selecting the syndicate banks, some of which are new, we paid attention to good ratings and the ability to support the group in its new regional orientation in emerging markets," explained chief financial officer Bernard Schäferbarthold.

Nordex during the first quarter of 2016 expects competition authorities in Europe to give the green light for the takeover of AWP, which it first announced in October.