Flender/Flender Gear Units/Helical gearboxes H3
er has reached an agreement to acquire Finnish wind turbine gearbox manufacturer Moventas from investor N4 partners . The planned

acquisition marks the next step in Flenders growth strategy after progressing into independence last year. Integrating Moventas engineeri ng and

service capabilities will further foster Flenders wind drives business under the successful Winergy product brand. The 2 GW of Moventas

installed base, service know -how and multi -brand capabilities will be the lever for further growth in Winergy service business

resulting in comprehensive one stop service solution for Wind customers. The Moventas global production and service network adds an additional three gigawatts wind gearbox assembly capacities, next to extensive capabilities in field ser vices as well as gear manufacturing. Moventas is well -known brand in the wind industry. We are very fond to have their expertise and capacities under our roof now. It lets us further expand our wide product portfolio for the growing wind market to support the important energy transition. With gearboxes, generators, couplings, integrated drivetrains and comprehensive multi -brand service portfolio we are the unique partner for the wind market. says Flender Group CEO Andreas Evertz. We look forward to welcoming the Moventas colleagues to our Winergy team. Together, we continue to provide the wind market with cutting- edge technologies Flender International GmbH Management: Andreas Evertz, Dr. Peter Waller Alfred -Flender -Str. 7 4 Bocholt Germany Flender International GmbH Press Release Page 2/3 and services. Our partners will profit from increased capacity, availability, and further reduced reaction times says Aarnout Kant President Wind Gears at Flender. Moventas has been pioneer in the Wind industry with its relentless focus on creating culture of technological leadership and service excellence. Today, are hono red to join Flender and can