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EU clears GE acquisition of Danish rotor blade maker LM Wind Power

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - The European Commission said on Monday it had cleared General Electric Co's $1.65 billion of Danish rotor blade maker as the merged entity would continue to face effective competition in

General Electric produces onshore and offshore turbines, but only has relatively small market share, the Commission said in statement.

designs and manufactures blades that are sold to General Electric and competitors as component for the turbines.

would continue to face competition from rivals such as Siemens, Vestas, Nordex and Senvion, who would either make their own blades or find suppliers other than Power, the Commission said.

(Reporting By Philip Blenkinsop)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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EU clears GE acquisition of Danish rotor blade maker LM Wind Power

BRUSSELS (Reuters) - The European Commission said on Monday it had cleared General Electric Co's $1.65 billion acquisition of Danish rotor blade maker LM Wind Power as the merged entity would continue to face effective competition in Europe.

BRUSSELS (Reuters) - The European Commission said on Monday it had cleared General Electric Co's $1.65 billion of Danish rotor blade maker as the merged entity would continue to face effective competition in

General Electric produces onshore and offshore turbines, but only has relatively small market share, the Commission said in statement.

designs and manufactures blades that are sold to General Electric and competitors as component for the turbines.

would continue to face competition from rivals such as Siemens, Vestas, Nordex and Senvion, who would either make their own blades or find suppliers other than Power, the Commission said.

(Reporting By Philip Blenkinsop)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

EU clears GE acquisition of Danish rotor blade maker LM Wind Power

BRUSSELS (Reuters) - The European Commission said on Monday it had cleared General Electric Co's $1.65 billion of Danish rotor blade maker as the merged entity would continue to face effective competition in

General Electric produces onshore and offshore turbines, but only has relatively small market share, the Commission said in statement.

designs and manufactures blades that are sold to General Electric and competitors as component for the turbines.

would continue to face competition from rivals such as Siemens, Vestas, Nordex and Senvion, who would either make their own blades or find suppliers other than Power, the Commission said.

(Reporting By Philip Blenkinsop)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22