Tuesday, December 6 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Amara Nzero acquires Cavycar, a company specializing in wind energy components and services

    September 30, 2022 - CE Noticias Financieras


      Amara Nzero explains in a statement that, with this acquisition, it seeks to add capabilities and strengthen its know-how in wind energy. The Spanish company thus enters the "first link in the wind turbine manufacturing value chain" and expands its offer, which, in its opinion, will boost its activity in this sector in Spain, Brazil, Mexico, the United States and Asia. Along these lines, Amara Nzero expects to reach a turnover of around 800 million euros in 2022, with organic growth of 94%. Cavycar will additionally contribute E15 million of inorganic growth to the Amara NZero group, according to the company's forecasts. Cavycar's customers include wind turbine manufacturers "worldwide", to whom it supplies materials for the manufacture and assembly of the machines, "with the exception of large components".

      "Although they represent a minor part of the final cost of a wind turbine, any problem with their supply can be critical in the production process, which is why the high quality of service provided by Cavycar is essential for its customers," Amaraz Nzero emphasizes in its note.

      Cavycar will continue to act as an independent company and its CEO and still minority shareholder, Guillermo Beltrán, with 25 years of experience in the industrial and wind energy sector, will remain at the head of the company.

      "His entire team will also continue in their current responsibilities, so their customers will continue to receive the same level of service as before, being able to expand services and capabilities thanks to the entry of Amara Nzero," the acquiring company adds.

      Founded in 1957, Amara NZero defines itself as "an independent, end-to-end sustainable energy expert, acting as a provider of electrical products and related solutions through its renewable, electrification and energy transition services areas." It employs more than 1,400 people and is present in seven countries: Spain, Portugal, Italy, Brazil, Mexico, the United States and China. It declares as its mission "to drive the Energy Transition, acting on the axes of the same: decarbonization, electrification and digitalization".

      According to its corporate profile, Cavycar presents itself as a "company born 30 years ago as a supply to small industry and industrial workshop that over the years, experience with our customers and sustained growth, has been orienting its activity". Today, Cavycar focuses its business on an "integral supply to the customer, of products necessary for production and assembly lines, working with a wide variety of product families". It works for the electrical, wind power, electronics, automotive, machine tool, white line and railway sectors.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.