# 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.

- Type: Acquisition
- Announced: 2017-05-01
- Value: $20.6M (14.2M EUR)
- Status: cancelled
- Products: wind turbine drivetrain solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [AMSC](https://endata.com/companies/23963.md)
- [The Switch Engineering Oy](https://endata.com/companies/23964.md) (target)

## Sources

- [windsystemsmag.com](https://www.windsystemsmag.com/news/amsc-and-the-switch-terminate-acquisition-agreement/), 2017-05-01: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.