By Kari Williamson
REpower has held 51% of the wind turbine blade manufacturer since it was established in 2007, while SGL Rotec had 49% of the shares.
The transaction is subject to the usual antitrust approval.
"The acquisition of the shares enables us to continue growth at our site in Bremerhaven as well as in the offshore sector and also to further guarantee the excellent quality of our turbines and components. The production of rotor blades is a key function in the manufacturing process of wind turbines”, says Gregor Gnädig, Chief Operating Officer (COO) of REpower Systems SE.
The companies will remain business partners, and SGL Rotec will continue to deliver wind turbine blades to REpower.