Siemens Gamesa Renewable Energy introduced the closing of the acquisition of Senvion’s European Service property and Intellectual Property (IP). The transaction provides roughly GW of serviced fleet and operations in 13 nations.
Senvion S.A. is a wind turbine producer based in 2001 in Germany, majority owned by the non-public fairness agency, Centerbridge Partners since April 2015. It was below the possession of Suzlon, an India wind turbine producer, from 2007 to 2015.
The addition of the Senvion property marks an essential step within the firm’s progress technique, a part of the corporate’s L3AD2020 strategic program, and strengthens its aggressive place in its multibrand portfolio.
Siemens Gamesa will now service a good broader vary of wind turbine applied sciences. The Senvion service fleet will improve Siemens Gamesa multibrand footprint to greater than 10 GW and its fleet below upkeep to roughly 69 GW. The addition of those property helps to diversify Siemens Gamesa’s enterprise combine and geographical publicity with contracts that provide long-term visibility and renewal charges which have been traditionally very excessive.
Siemens Gamesa has a robust and profitable historical past of integrating firms, and has a strong integration plan for Senvion, in addition to the financing strains and ensures for this transaction, to make sure a profitable operation from the primary day.
Senvion Deutschland – and its European subsidiaries – had been acquired as a part of the transaction, and can now function as a pure service supplier inside Siemens Gamesa Service Unit.
“This acquisition is a crucial a part of our technique to develop our multibrand service enterprise. Now that we’ve efficiently closed the transaction, we are going to deal with the mixing and making certain that operations proceed easily,” stated Mark Albenze, CEO of Siemens Gamesa’s Service enterprise. “By buying all related know-how and IP to entry the SCADA and controller software program, technical data on spare elements provide and Senvion’s distant management heart, we’re effectively positioned to supply aggressive service options to all of Senvion’s clients worldwide,” he added.
As initially communicated to the markets on October 21, 2019, Siemens Gamesa continues progressing on the closing actions associated to the acquisition of all of the shares in Ria Blades, S.A., entity which owns and operates the enterprise of the wind turbine blades manufacturing facility in Vagos, Portugal, and sure further property related to stated enterprise. The goal remains to be to shut the Ria Blades acquisition earlier than the tip of March 2020.
(Source: Siemens Gamesa – Image: Senvion)

The publish SIEMENS GAMESA COMPLETES ACQUISITION OF SENVION appeared first on Energy Global News.

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