Wind and industrial gear manufacturer and service provider Moventas has signed an agreement with Komas Oy concerning the sale of its separate pre-machining unit in Jyväskylä.

Moventas outsources its wind gear business related pre-machining unit. The Jyväskylä-based operations, separate from the company's wind gear factories, has today been sold entirely to a engineering industry system supplier, Komas Oy, in Jyväskylä.  

The pre-machining unit staff, included in the Moventas cooperation negotiations that ended on October 13,  2010, will transfer to Komas as continuing employees as part of the sale. The tooling unit employs 22 people.

In the future, Moventas will maintain the main functions of wind gear production in Jyväskylä: R&D, key component manufacturing for the global manufacturing network and gear manufacturing for the European market as a whole. Moventas has strongly invested in these functions in the recent years, and the Jyväskylä factories are very competitive.

Additionally, assembly and testing will be started in North America and Asia, where long term estimates predict the strongest growth of wind power production. Moventas recently announced that it will open a wind gear assembly line in Portland, USA.

Further information:

Jukka Jäämaa, Moventas Oy, tel. + 358 50 526 7665 / jukka.jaamaa@moventas.com / Jukka-Pekka Nikula, Komas Oy, tel. +358 50 539 9378 / jukka-pekka.nikula@komas.fi.

Moventas is one of the largest manufacturers of wind turbine gears in the world. The company also manufactures power transmission solutions for industry use and provides services for their overhaul and maintenance. Majority of the products' end use is connected with renewable energy. In 2009 Moventas generated net sales of EUR 237 million. The company has 1,200 employees in nine countries globally with a worldwide partner network. European private equity investor IK Investment Partners holds the majority of the shares in Moventas. www.moventas.com

Komas Oy is a system supplier with activities in machining, assembly, hydraulics and logistic services. Prior to this deal, the company had 12 factories in Finland and one factory in Poland. Komas employs approximately 1,200 people and has an annual turnover of € 120 million. www.komas.fi.