
3 Jun 2009
MOOG COMPLETES ACQUISITION OF LTI REENERGY GMBH
AMSTERDAM, 03 June 2009 – After taking a 40 percent ownership stake in privately held LTi REEnergy GmbH last June, Moog Inc. (NYSE: MOG.A and MOG.B) has acquired the remaining 60 percent of the Unna, Germany-based company . Moog is acquiring two manufacturing and testing facilities, one in Unna, Germany, and the other in Shanghai, China; and a widely used electric wind turbine blade pitch control system that complements Moog’s existing blade pitch control, rotor monitoring and slip ring systems.
Blade pitch systems control rotor speed and, therefore, efficiency of wind turbines. Most of the customers who buy pitch control systems are wind turbine makers based throughout Europe, Asia Pacific and the US.
“Our aim is to bring Moog’s motion control experience to bear on the challenges facing today’s wind turbine makers and buyers,” said Steve Huckvale, President of Moog’s Industrial Systems Group. “Our strategy is to advance the design of the wind industry’s motion controls by creating new, high-performance motion control solutions ranging from pitch control to rotor monitoring."
The LTi REEnergy wind products acquired by Moog include: robust servodrives, branded as PITCHmaster®; motors; emergency back-up systems; a control system; and software for remote diagnostics and back-up power. Most of the blade pitch control components reside in the hub of the wind turbine, where temperature and motion can be extreme. If, for example, the wind turbine loses electrical power, then the blade pitch control taps its battery power to gauge speed, adjust the turbine’s blades and put the prop into a safe operating mode that is designed to protect a wind turbine from damage.
Blade pitch controls can fail in this regard, but the Moog PITCHmaster is proven to withstand temperatures ranging from -30 C to +70 C (-22 F to 158 F).
“Moog has had a long heritage of supplying high performance components and systems to wind turbine makers around the world. Moog’s track record of quality and reliability, global support network and industry knowledge provides a compelling value proposition for customers. This acquisition complements Moog’s capabilities and solution offerings very nicely,” said Matthias Vehring, Managing Director of the Unna facility.
With immediate effect, this business will start trading under the Moog brand.
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Notes for editors
About Moog Industrial Group
Moog’s designs and manufactures high performance motion control solutions combining electric, hydraulic, and hybrid technologies with expert consultative support for OEMs, wind farm operators and integrators in the wind power market. We help performance-driven companies design and develop their next-generation turbines. With 33 operations worldwide, Moog Inc. (NYSE: MOG.A and MOG.B), achieved in 2008 net sales of USD 1.902 billion.
About LTi REEnergy GmbH
LTi REEnergy GmbH, based in Unna, Germany, is part of the LTi group of companies with approximately 1,000 employees worldwide. The LTi group is active in the renewable energy industries like wind and solar, as well as electronic drive engineering.
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