Nordex Completes Acquisition of Corporación Acciona Windpower from Acciona for $879.86m - Deal Analysis from GlobalData
Nordex SE (Nordex), a manufacturer of wind turbines, has completed the acquisition of Corporación Acciona Windpower S.L. (Acciona Windpower), a wind energy company, from Acciona S.A. (Acciona), a diversified company, for a purchase consideration of €785m ($879.86m).
Under the terms of acquisition, Nordex has paid €366.4m ($410.67m) in cash payment and issued 16.1m new Nordex shares valued at €26 ($29.14) each. In addition, Acciona agreed to acquire 13.3% of additional Nordex shares from Skion-Momentum, an investment vehicle of the Quandt family and Nordex’s current main shareholder, increasing its stake in the company to 29.9%.
Nordex and Acciona Windpower complement each other in a number of areas. The combination of both the companies will create value and reduce future market risks. The integration of Acciona Windpower into Nordex will create a new, globally positioned European powerhouse in the wind industry with manufacturing facilities in Germany, Spain, Brazil, the US and India.
The deal analysis report details the following -
Key drivers of the deal for Nordex, Acciona Windpower and Acciona
Company overview of the companies involved
Reasons to buy
The deal analysis gives insights into the transaction structure and rationale behind the deal
The report helps understand the benefits of the deal to Nordex, Acciona and Acciona Windpower
Helps understand the major focus areas of value creation for the companies involved in the deal and also its target positioning, global reach and technology