GE ties up €1.5bn acquisition of LM Wind Power
21 April, 2017
American multinational conglomerate GE has completed its acquisition of Danish wind turbine blade manufacturer LM Wind Power in a deal worth €1.5bn (£1.3bn).
Regulatory approval was granted in Europe, the US, China and Brazil, allowing the deal to go ahead.
The acquisition brings wind turbine blade design and manufacturing in-house for GE, allowing the firm to cut costs as one of the largest suppliers of wind turbines.