Gearstar is a well-known rebuilder of high performance, high quality gearboxes and vehicle transmissions, with annual revenue of approximately $1.2 million per year. Gearstar has excess capacity in its facilities where it can rebuild the gearboxes that are at the heart of WindPower Innovations' wind turbines. By being acquired by WindPower, Gear Star will gain access to additional capital, liquidity for its shareholders by being public and additional markets in the wind energy sector exclusively with and through WindPower.
(0)
(0)