According to the company, it also has an option to acquire the remaining shares in the company. The acquisition means that Morphic is broadening its product portfolio within the segment wind power and is opening up to completely new markets, the company added.
In conjunction with the acquisition Morphic and Vattenfall, an investor in renewable energy, have signed a declaration of intent regarding collaboration.
Anders Dahl, CEO of Vattenfall Vindkraft, said: We need high-quality wind turbines that can cope with tough conditions. ScanWind’s technology is promising, and if the development work is successful their turbines may proves to be the ones we are looking for.
