Saxenhammer & Co. advises on the sale of EUROS to TPI Composites Inc.
Saxenhammer & Co. advised on the sale of EUROS to TPI Composites Inc. Following the insolvency of Senvion, Saxenhammer & Co. run an international M&A process to explore options for the former Senvion SA subsidiary.
Euros Entwicklungsgesellschaft für Windkraftanlagen GmbH designs rotor blades for onshore and offshore applications worldwide. These were then manufactured within the Senvion Group and used in projects.
TPI president William Siwek said: “TPI is pleased to announce the addition of the experienced and skilled engineering team at Euros. The Euros transaction helps strengthen our technical capabilities in support of our global operations and growth.”
TPI chief operating officer Ramesh Gopalakrishnan said: “The experience and skills of this engineering team will enable us to offer complete blade solutions. The technical know-how in blade engineering and mold design can now be applied on a broader scale.”