# Network Steel acquires Vestas wind turbine plant in Villadangos del Páramo, Spain

Network Steel, a Spanish steel group, has acquired the former Vestas wind turbine plant in Villadangos del Páramo, León, for €4 million. The company plans to invest €130 million to expand and convert the facility into a steel logistics and production center.

- Type: Acquisition
- Announced: 2019-07-20
- Where: Villadangos del Páramo, León, Spain
- Value: $4.50M (4.00M EUR)
- Status: completed
- Products: galvanized steel coils, pre-painted steel coils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vestas](https://endata.com/companies/1364.md) (target)
- [Network Steel](https://endata.com/companies/19264.md) (acquirer)

## Sources

- [leonoticias.com](https://www.leonoticias.com/paramo/expansion-network-steel-20190720174423-nt.html), 2019-07-20: "El nuevo propietario, Network Steel, es un grupo siderúrgico español que ha pagado cuatro millones por las instalaciones y equipos y maneja un plan de empresa que requiere una inversión de 130 millones para ampliar y adaptar la factoría."

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