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Posted On: 08/06/2013 11:47:13 AM
Post# of 89347
Posted By: invis
John Myers, CEO of WindPower Innovations, commented, "The acquisition of Gearstar Performance, will allow WindPower to vertically integrate a portion of its products by rebuilding the gearboxes "in house." This will lower our costs, improve our standard of high quality and allow us to be more competitive in the renewable energy market place."

Zach Farah, CEO of Gearstar Performance Transmissions, stated, "Gearstar is excited for the opportunity to begin rebuilding the gearboxes for the enhanced products and services that WindPower provides. This will add a new dimension to our business and utilize our excess capacity."


WindPower will now diligently seek to complete the acquisition of Gearstar and begin a larger scale marketing effort to engage more customers under the WindPower brand while seeking growing pool sales and maintenance under the Cameo Group brands.


This acquisition fits into WindPower's continued acquisition strategy to acquire synergistic companies that management believes can enhance shareholder value through increased revenue, lower costs and better branding


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