EU Commission Approaves Merger between GE and LM Wind Power

Wind Industry Profile of

The European Commission has approved unconditionally under the EU Merger Regulation the acquisition of LM Wind Power of Denmark, by General Electric Company of the US. The Commission concluded that the merged entity would continue to face effective competition in Europe.

General Electric produces onshore and offshore wind turbines. LM Wind Power designs and manufactures blades that are sold to General Electric and its competitors as a component for the wind turbines. The Commission's investigation focused on the effect of the transaction both on the upstream market for the manufacture and supply of wind turbine blades, as well on the downstream markets for the manufacture and supply of onshore and offshore wind turbines. General... ... More: Official Press Release EU Commission

Keywords:

EU, GE, LM Wind Power, merger, acquisition