HomeWorld RegionsAsiaDoosan acquires turbine maker à… koda Power

Doosan acquires turbine maker à… koda Power

Korea’s Doosan Heavy Industries & Construction has signed an agreement to buy Czech power plant equipment maker à… koda Power, which will provide the rights to proprietary turbine technologies used in power plants. Doosan and à… koda Holding agreed in Prague, Czech Republic, the acquisition that gives Doosan a 100% equity stake in à… koda Power. The transaction is expected to be completed by the fourth quarter of 2009, when the full financial terms of the agreement are met.

Swedish forestry company Sàƒ¶dra and Norwegian energy company Statkraft have signed an agreement covering a range of new renewable energy technologies. As part of the deal, Statkraft will become a partner for Sàƒ¶dra through the establishment of a new jointly-owned business for the long-term development and expansion of wind power on Sàƒ¶dra’s properties.