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 year. ...

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 ene ...

. 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 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 China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

to their test facility in Lunderskov, Denmark.Record breaking journey
''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 to ...

, 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