Suzlon to acquire REpower, Germany

The board of Suzlon Energy at its meeting held today approved the acquisition, as part of a consortium, of up to 100% shareholding of REpower Systems AG, Germany, which is engaged in the business of design, development, manufacturing and supply of wind turbine generators.

According to an official release issued by the company to the BSE today, the acquisition is to be carried out by way of a voluntary public tender offer through one or more of its overseas subsidiaries and/or one or more of its overseas step-down subsidiary companies, jointly with Martifer SGPS, SA, Oliveira de Frades, Portugal.