Danish wind supplier sold for more than DKK 100 million

Consolidation in the Danish wind turbine industry continues with the takeover of a composite manufacturer with facilities in both the US and Denmark.

by MAZ PLECHINGER

Listed Danish plastics company SP Group has acquired MM Composite. The total price for the Danish composite manufacturer, which primarily services the wind industry, totals DKK 105 million including debt takeover, ahead to 2020, assuming growth targets are met. The minimum price is DKK 61 million, informs SP Group in a press release.

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