News, Onshore, Wind Power

Siemens Gamesa completes purchase of Senvion’s European assets, including IP

Siemens Gamesa Renewable Energy announced today the closing of the acquisition of Senvion’s European Service assets and Intellectual Property (IP). The transaction adds approximately 9.0 GW of serviced fleet and operations in 13 countries.

Siemens Gamesa will now service an even broader range of wind turbine technologies. The Senvion service fleet will increase Siemens Gamesa footprint to more than 10 GW and its fleet under maintenance to approximately 69 GW.

“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.

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.

“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,” said Mark Albenze, CEO of Siemens Gamesa’s Service business

As initially communicated to the markets on October 21, 2019, Siemens Gamesa continues progressing on the 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.

As reported on the same date, and subject to closing accounts confirmatory adjustments, the price to be paid in cash for the shares of Senvion Services and Ria Blades amounts to €200 million.