In a written statement, Nordex said it was not able to agree with the negotiating partner on a concept for the continuation of the activities in a joint venture.
Negotiations had been underway since 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, the company said.
Nordex said it 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 company has also said 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.
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