Grupo Daniel Alonso, which holds a majority stake of 68% in Windar, has joined forces with Siemens Gamesa, the owner of the remaining 32%, to announce a significant development in the form of a company sale to Bridgepoint.
This decision comes as part of Windar's strategic plan to realign its focus towards its core business. With the sale of Siemens Gamesa's stake in Windar, the company aims to consolidate its efforts in wind turbine design, manufacturing, installation, and maintenance.
Speaking on behalf of Siemens Gamesa, Jochen Eickholt, the chief executive, expressed that the divestment of their stake in Windar was a natural step forward. He emphasized their commitment to concentrating on their core business operations.
Orlando Alonso, the current president and chief executive of Windar, will continue to lead the company in his existing role. Furthermore, he will retain an indirect minority stake, ensuring continuity and stability within Windar's leadership structure.
The completion of this transaction is anticipated to occur before the end of the year. However, it is important to note that the final closure is subject to customary regulatory approvals, as is customary in such business deals.
Bridgepoint, a prominent private equity investor based in the United Kingdom, boasts a robust portfolio with assets under management exceeding €38bn. Their extensive presence in Europe, the United States, and China signifies their vast experience in the investment landscape.
In conclusion, the sale of Windar to Bridgepoint marks a significant milestone for both Grupo Daniel Alonso and Siemens Gamesa. As the transaction unfolds, the focus on core business activities and the leadership continuity provided by Orlando Alonso are expected to drive Windar's future success.
