AMSC and The Switch terminate acquisition agreement

AMSC and The Switch have terminated their Share Purchase Agreement due to adverse market conditions for financing. The Switch shareholders will retain a €14.2 million break-up fee.

“While AMSC and The Switch have mutually agreed to terminate our acquisition agreement, we continue to see strong synergies between our two companies and expect to continue to work collaboratively on drivetrain solutions that increase wind turbine reliability and lower the cost of energy.”windsystemsmag.com

• 1 source
• windsystemsmag.comAMSC and The Switch Terminate Acquisition Agreement | Wind Systems MagazineMay 1, 2017

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