Business start on May 1, 2020.

On April 30, 2020 AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) closed the acquisition of the Renewable Power Systems (the “RPS Business”) as well as Woodward’s protection relays business, headquartered in Kempen, Germany, from Woodward, Inc. (NASDAQ: WWD).

Since May 1, 2020 ConverterTec produces converters and other key components used in wind turbines at its production sites in Kempen, Germany and Krakow, Poland. It is also active in the converter aftermarket, selling spare parts for the installed base, providing service contracts, training service personnel and delivering hardware and software upgrades through its global aftermarket services organization.