Alstom to Acquire Spanish Wind Turbine Company Ecotecnia

Alstom is entering wind power generation by signing an agreement to buy Spanish wind turbine company, Ecotecnia, for Euro 350 million (debt free/cash basis) [US$473 million].

Ecotecnia, headquartered in Barcelona, designs, assembles and installs onshore wind turbines spanning 640 kilowatt (kW) to 2 megawatt (MW). It is currently developing new wind turbines with a capacity of up to 3 MW.

The company has taken a significant part of the development of the Spanish wind energy market, which is ranked second in Europe, and currently generates about 50% of its sales from other European countries.

To date, Ecotecnia has installed or is installing more than 1500 wind turbines in 72 wind farms, corresponding to a total capacity of 1,433 MW (about 2 % of the worldwide installed base). Ecotecnia has also recently become active in the field of solar panels, particularly in the Spanish market.

Ecotecnia has five factories in Spain; In 2007, Ecotecnia should achieve sales between 300 and 350 million euros [US$405 million and US$473 million].

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