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Clipper Windpower, the wind turbine maker with a site in Northumberland, is to be acquired by United Technologies of the US in a £140m deal.
Clipper Windpower, the wind turbine manufacturer, is to sell a 49.5% equity stake to United Technologies of the US in a £126m deal.
Clipper Windpower has secured a £4.4m government grant to manufacture wind turbines at a new factory being built in Newcastle upon Tyne, which could lead to the creation of 1,000 jobs.
Clipper Windpower has secured a £5m One NorthEast grant to set up a wind turbine production centre in Blyth, with the creation of 25 engineering jobs.
Clipper Windpower is planning to float on Aim this week with a market capitalisation of £180m, in order to fund the expansion of its renewable energy business in the US, Canada, Mexico and the UK.