Wind turbine maker Suzlon Energy is planning to merge its Germany-based subsidiary Senvion with the Pune-based parent company. In this regard, the negotiations are currently being carried out by the banks. Post-merger, the strong capital structure will help the company to raise funds and capital for the company.
Senvion, which was formerly known as REpower, was acquired by Suzlon in 2009. The Hamburg-based firm reported revenues of Euro 1197 million in the first nine months of 2013-14.
Suzlon has net debt of Rs 14,495 crore as on December 30, 2013. It reported revenues of Rs 13,631 crore during April-December 2013. Its order book stands at $7.7 billion spread across India, Canada, Belgium, the UK, France, Australia, Latin America and Germany.
