Composites

GE acquires LM Wind Power

The acquisition is valued at 8.3 times the 2016 earnings before tax of LM Wind Power.

LM Wind Power has a global manufacturing footprint of 13 sites in eight countries across four continents and continues to expand. © LM Wind Power

19th October 2016

Innovation in Textiles
| Kolding

Doughty Hanson, the European private equity firm, has agreed to sell its stakes in LM Wind Power for an enterprise value of €1.5 billion. The transaction is expected to close in the first half of 2017, subject to regulatory approvals.

Read the full story on our Inside Composites website

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