Siemens in talks on potential acquisition of Gamesa

Siemens and Gamesa are in discussions with a view to a potential acquisition of the Spanish wind turbine manufacturer.
Gamesa wind turbine
The deal could hinge on the attitude of Gamesa‘s majority shareholder Iberdrola, according to the Financial Times.

Unnamed sources said the two companies were looking at creating a new group to house the assets in which Siemens would own a majority stake.

Gamesa’s innovative turbines, which can operate well in low wind speed zones have made it attractive to the German company, who already own 9.5 per cent share of the global wind turbine market, making it the second-biggest manufacturer after Denmark’s Vestas, with a share of nearly 12 per cent.

Gamesa’s 4.5 per cent share puts it behind other large players, such as China’s Goldwind, which has been expanding internationally into fast-growing renewable energy markets in Latin America, as well as the US and Europe.

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