Press releases

Business back to normal - corporate restructuring approved for Moventas subsidiaries

The District Court of Keski-Suomi has today decided to start corporate restructuring for Moventas Santasalo Oy and Moventas Wind Oy. Target is to restore operations on sound basis and enable the companies to continue business normally.

Moventas announced yesterday that its two subsidiaries will file for corporate restructuring. The procedure has been approved today in the District Court of Keski-Suomi. Decions means that the operating conditions for the companies are normalized.

"I am very happy that things proceed and decisions were made in quick schedule. Both Moventas Wind and Moventas Santasalo have strong market position and promising outlook. Corporate restructuring guarantees us requisites to continue working and stabilize the situation", says Jukka Jäämaa , CEO for both companies.

More information
Moventas Wind Oy, Moventas Santasalo Oy
Jukka Jäämaa, CEO
Tel: +358 50 526 7665

About Moventas

Moventas is a wind gearbox technology expert and service provider. Moventas’ technology strives for lowering the cost of energy across the lifecycle of wind energy generation, from superior gearbox design and manufacture to extensive multi-brand service for 20 different turbine brands' gearboxes globally.