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November 12, 2009

Moventas joins the Cleantech Finland program


Moventas, the third largest wind gear manufacturer in the world and the biggest employer in wind power in Finland, has become member in the Cleantech Finland program. Cleantech Finland unites the top Finnish cleantech companies and experts, with products, services, processes and technologies that prevent or reduce the impact of harmful actions on the environment.

"We have strong competence and top-of-class technological solutions to answer to the global renewable energy needs and especially wind as the most mature area among them. Through the Cleantech Finland network and co-operation we can promote our capabilities in the right context ", says Jukka Jäämaa, the CEO of Moventas.

In addition to wind gears, Moventas also manufactures power transmission solutions for industry use. Approximately one third of their end use is connected with renewable energy. Moventas also has a global service network and ability to take care of the gear units and provide expert services throughout the product life cycle.

"Wind industry is well represented in the Cleantech Finland program and Moventas is a perfect addition to this group. We are happy to promote Finnish expertise in this area", Santtu Hulkkonen, Executive Director Cleantech Finland, Finpro, says.

More information

Moventas Oy, Jukka Jäämaa, CEO
jukka.jaamaa@moventas.com, +358 50 526 7665

Cleantech Finland, Finpro, Santtu Hulkkonen, Executive Director, santtu.hulkkonen@finpro.fi, +358 40 343 3341
www.cleantechfinland.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 2008 Moventas generated net sales of EUR 382 million. The company has over 1300 employees in 8 countries globally with a world-wide partner network. European private equity investor IK Investment Partners holds the majority of the shares in Moventas. www.moventas.com 





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