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Going with the wind
Headquartered in Jyväskylä, Finland, Moventas is one of the world’s leading suppliers of mechanical power transmission equipment for the energy and process industry. Net sales in 2008 amounted to 382 million euros, an increase of some 30 percent compared with the previous year. Wind turbine gear units accounted for two thirds of the 2008 sales.
The company had close to 1,500 employees at the end of 2008 and offices in Finland, Sweden, Germany, Canada, China, Singapore and the United States.
Majority owner of Moventas is Industri Kapital 2004 Fund, a venture capital company. President and CEO is Jukka Jäämaa.