Baettr acquires East Frisian foundry facility GZO (Guss-Zentrum Ostfriesland) and simultaneously enters into a strategic collaboration agreement with Enercon regarding future production. The strategic partnership enhances Baettr's global position while contributing positively to sustainable production and employment.
As of December 14, Baettr has made a significant enhancement to its global production setup through the acquisition of GZO Guss-Zentrum Ostriesland, a premium casting supplier for German wind onshore OEM Enercon. The goal is the full integration of the production facilities in GZO into Baettr's broader global production setup, where substantial investments have already been made in Asia. The GZO acquisition marks a significant and important step towards strengthening Baettr's position in the European market, simultaneously improving sustainability and reducing carbon footprint.
Peter Pallishøj, CEO of Baettr, states: "The acquisition of the GZO factory complements our current setup perfectly in terms of logistics and capacity and is crucial in our ongoing ambitious investment in one of the market's strongest setups in sustainable production. We look forward to a positive collaboration with Enercon, where we can also support them in their green transition. We are incredibly pleased and proud to have reached an agreement with the GZO shareholder and with Enercon that is sustainable for all parties. From the beginning of the dialogue, we have had great respect for finding a solution that is also sustainable concerning the employees."
Together, Baettr, GZO shareholder Mechanical Power Supply B.V., and Enercon have strived to create a solution that benefits all parties. Great emphasis has been placed on preserving many German jobs, leading to a thorough and careful process with a deep understanding and respect for the competencies, knowledge, and experience within the current setup.
Ralf Kelling, Managing Director at GZO, says: "I see Baettr as the strongest player in the global market. I am incredibly pleased that we have chosen to go this route in our solution. This is due to two things: 1) In this solution, we ensure jobs, and 2) Our factory will become a crucial piece in a global setup. Therefore, I can confidently say that we have created a solution that is good for all parties and points towards the future."
The takeover of the GZO factory is effective from January 15. The factory is expected to be fully integrated into Baettr's existing production setup during 2024. The ambition is for the factory to utilize its capacity fully, with the goal of handling volume for Enercon and, eventually, new volume from Baettr's other customers.