SGRE completes Senvion acquisition

In: Corporate
Siemens Gamesa Renewable Energy (SGRE) has closed its acquisition of the European Service assets and intellectual property (IP) of German headquartered wind turbine manufacturer Senvion. The transaction adds approximately 9.0 GW of serviced fleet and operations in 13 countries.

SGRE stated that the Senvion service fleet will increase its footprint to more than 10 GW and its fleet under maintenance to approximately 69 GW. Senvion Deutschland - and its European subsidiaries - were acquired as part of the transaction, and will now operate as a pure service provider within Siemens Gamesa Service Unit.

“This has been a unique opportunity for consolidation, a win for all parties and a perfect match for Siemens Gamesa. By integrating these assets and highly skilled professionals we will improve our position as a leading global service partner at a crucial moment for the wind industry´s growth. The transaction also offers Senvion’s customers a long-term solution for their servicing needs, following Senvion’s insolvency,”
said Markus Tacke, CEO of Siemens Gamesa.

“This acquisition is an important part of our strategy to grow our multibrand service business. Now that we’ve successfully closed the transaction, we will focus on the integration and ensuring that operations continue smoothly,”
said Mark Albenze, CEO of Siemens Gamesa’s Service business. “By acquiring all relevant know-how and IP to access the SCADA and controller software, technical knowledge on spare parts supply and Senvion’s remote control center, we are well positioned to offer competitive service solutions to all of Senvion’s customers worldwide,” he added.

SGRE is in the process of closing actions related to the acquisition of all the shares in Ria Blades, S.A., entity which owns and operates the business of the wind turbine blades production facility in Vagos, Portugal, and certain additional assets associated to said business. The objective is still to close the Ria Blades acquisition before the end of March 2020.

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