Siemens Energy issues statement regarding SGRE acquisition

4C Offshore | Tom Russell
By: 18/05/2022 SGRE

Siemens Energy AG has issued statement in response to recent media reports regarding its intention to purchase all outstanding shares of wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE).

Siemens Energy currently holds 67% off SGRE, with 3% held by BlackRock, Inc. and the remaining being free-float shares.

Siemens Energy stated: "In light of recent media reports Siemens Energy AG confirms that management is considering a cash tender offer for all outstanding shares in Siemens Gamesa Renewable Energy S.A. with the intention to delist. The outcome of this consideration is open. No decision has been made and there is no certainty that a transaction will materialize."

Over 1,000 Siemens Gamesa Direct Drive offshore wind turbines have been installed in all major offshore wind markets globally. They include the UK, Germany, Denmark, the Netherlands, Belgium, and Taiwan, among others. Furthermore, Siemens Gamesa stated it has orders for over 1,000 more Offshore Direct Drive turbines.

For more information on offshore wind farms worldwide, click here.