AURELIUS completed the acquisition of renewable power systems and protection relays business from Woodward.

AURELIUS, an asset management group, completed the acquisition of the renewable power systems and protection relays business of Woodward, an independent designer, manufacturer and service provider of control system solutions and components for the aerospace and industrial markets. “Both the RPS Business and the protection relays business are strong, and in growing markets. We look forward to working with the team to ensure a smooth transition and position the businesses as independent entities. Growing power demand and growth in the renewables industry will offer good growth opportunities going forward,” Gert Purkert, AURELIUS Executive Board Member.