Nordex SE

EANS-News: Nordex: negotiations on a joint venture in the offshore segment terminated

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration

Subtitle: •	Nordex intends to focus on expanding its core business
•	Development of onshore turbines to be strengthened

Hamburg (euro adhoc) - The Nordex group has terminated plans to transfer its
entire offshore activities to a joint venture. Nordex was not able to agree with
the negotiating partner on a concept for the continuation of the activities in a
joint venture. Nordex disclosed its intention to seek an industrial partner for
this business in Summer 2011. In the press conference for 2011 annual accounts,
the wind turbine manufacturer gave more specific information and announced that
the issue would be resolved in the near-term. Going forward, the goal is to
strengthen the development of onshore turbines. 

Nordex aims to sell the assets of the offshore business to other interested
parties in the short to medium-term. The business unit "Offshore" will be
discontinued. The employees of the unit will be assigned to other Nordex
business units. The termination of the offshore business will not have any
impact on the guidance given for the coming years.

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 300 30 15 22

end of announcement                               euro adhoc 

company:     Nordex SE
             Langenhorner Chaussee 600
             D-22419 Hamburg
phone:       +49 (0)40 30030-1000
FAX:         +49 (0)40 30030-1101
sector:      Alternative energy
ISIN:        DE000A0D6554, DE0000A0D66L2
indexes:     TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Nordex SE

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