Real-time funding, M&A, exec moves & hiring — the signals that move deals
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Acquiring Company
Suzlon Energy
Acquired Company
REpower Systems
Description
In May 2007, Suzlon Energy acquired an 87% controlling stake in the German turbine maker, REpower Systems, after a notable takeover battle. The deal, valued at approximately $1.8 billion, positioned Suzlon as the world's third-largest wind turbine supplier. This acquisition was pivotal for Suzlon's global market expansion and technological advancements in wind energy. The following years saw Suzlon fully integrate and own REpower, enhancing its influence in the energy sector.