LM Wind Power (formerly LM Glasfiber) is a Danish multinational
wind turbine
A wind turbine is a device that converts the kinetic energy of wind into electrical energy. Hundreds of thousands of large turbines, in installations known as wind farms, now generate over 650 gigawatts of power, with 60 GW added each yea ...
rotor blades manufacturer and is a subsidiary of
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ...
.
LM Wind Power has manufactured more than 175,000 blades since 1975.
History
LM Wind Power was founded in 1940 as ''Lunderskov Møbelfabrik'' (Lunderskov furniture factory) in the small town Lunderskov, Denmark. In 1952, they investigated the possibilities of commercial exploitation of glass fiber technology, which made them change their name to LM Glasfiber and abandon their original plan of manufacturing wooden furniture. It was not until 1978 they started making wind turbine blades.
On 11 June 2010, LM Wind Power took part in setting an aviation record. They commissioned the
An-225
The Antonov An-225 Mriya ( uk, Антонов Ан-225 Мрія, lit=dream' or 'inspiration; NATO reporting name: Cossack) was a strategic airlift cargo aircraft designed and produced by the Antonov Design Bureau in the Soviet Union.
It was o ...
to carry the world's longest piece of air cargo, as it flew two new 42-meter wind turbine blades from their factory in
Tianjin
Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popu ...
,
China to their test facility in
Lunderskov, Denmark.
[Record breaking journey](_blank)
''Renewable Energy Sources'', 11 June 2010. Pictures
Retrieved: 13 June 2010.
Organization
LM Wind Power employed approximately 4,505 employees worldwide at the end of 2014. The company is headquartered in
Kolding, Denmark and has a global business office in
Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...
, the Netherlands. LM Wind Power has built production facilities in the major wind energy markets – 13 locations in 8 countries (Denmark, Spain, USA,
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
, India, China, Poland and Brazil). In addition to this, the company has a global network of R&D Centres in Denmark, the Netherlands, and India.
Ownership
From 2001 until 2017, principal shareholders of LM Wind Power were the partnerships by
Doughty Hanson & Co
Doughty Hanson & Co is a British private equity fund manager focused on leveraged buyout and recapitalization transactions primarily of upper middle-market companies in Europe. The firm also invests opportunistically in European real estate and ...
. Ltd., and LM was the world's largest independent blade supplier. In April 2017, LM Wind Power was acquired by
GE Renewable Energy
GE Renewable Energy is an American wind turbine manufacturer division of General Electric headquartered in Boulogne-Billancourt, Greater Paris, France focusing on production of energy from renewable sources. Its portfolio of products includes win ...
for an enterprise value of €1.5 billion. The acquisition allowed GE to export wind energy to global customers.
References
External links
* , official website
{{Authority control
Companies based in Kolding Municipality
Greater Grand Forks
Wind power
Danish brands
Danish companies established in 1940
2017 mergers and acquisitions
General Electric acquisitions
Multinational companies headquartered in Denmark