The restructuring of the Moventas companies that began last June ended today, as the district court of Jyväskylä confirmed the restructuring programmes of Moventas Santasalo Ltd and Moventas Wind Ltd.

The cooperation negotiations of Moventas companies have ended today. The negotiations resulted in reduction of Moventas Wind Ltd’s personnel in Jyväskylä as planned. Moventas Santasalo Ltd’s negotiations had no personnel impact.

Moventas Wind has been awarded a Later Stage Award by the Global Cleantech Cluster Association, known as the global voice of cleantech.

Global industrial engineering group Clyde Blowers has yesterday signed an agreement to acquire the wind gear manufacturer Moventas Wind Ltd and the industrial gear manufacturer Moventas Santasalo Ltd. Following the acquisition of the Moventas companies, Clyde Blowers, with its existing David Brown Gear Systems business, will be one of the largest gear manufacturing groups in the world.

The Global Cleantech Cluster Association, known as the global voice of cleantech, announced its Global Top 30 Semi-Finalists for its 2011 Later Stage Award at the 11th European Forum on Eco-Innovation in Lahti, Finland today.