Deals
Enercon Owner Seeks to Block Takeovers of Pioneer Turbine Maker
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The founder of Enercon GmbH, the first company to boost wind-turbine reliability by ditching gearboxes, plans to block takeover bids by shifting his stock to a trust.
Aloys Wobben, an engineer who created Enercon in 1984 and built it into the fifth-largest turbine maker, will place his stock into the Aloys Wobben Foundation in the “near future,” the Aurich, Germany-based company said in a statement on its website. Enercon has a 7.9 percent market share, said BTM Consult, a researcher that’s part of Navigant Consulting Inc.