# Squadron Energy and Federation Asset Management to acquire Windlab for A$68 million

Windlab shareholders voted 99.6% in favor of a scheme of arrangement for a consortium of Squadron Energy and Federation Asset Management to purchase all outstanding shares for A$68 million (A$1.00 per share). The acquisition is subject to court approval and expected to finalize by June 26, 2020.

- Type: Acquisition
- Announced: 2020-06-04
- Where: Australia
- Status: announced
- Products: wind energy projects
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Windlab](https://endata.com/companies/2271.md) (target)
- [Squadron Energy](https://endata.com/companies/47689.md) (acquirer)
- [Federation Asset Management](https://endata.com/companies/47690.md) (acquirer)

## Sources

- [squadronenergy.com](https://squadronenergy.com/news/squadron-energy-moves-closer-to-acquiring-windlab/), 2020-06-04: "Windlab shareholders voted overwhelmingly in support of the purchase of all outstanding shares in Windlab by a consortium comprising Squadron Energy and Federation Asset Management."

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