Siemens and Gamesa complete wind power merger
Siemens AG / Windkraft-Journal
Siemens Wind Power and Gamesa have finalised their merger to become 鈥渁 global market leader in the area of renewable energies鈥�, Siemens CEO Joe Kaeser said in a press release. The shared enterprise of German engineering heavyweight Siemens鈥檚 wind power branch and the Spanish turbine maker will form an on- and offshore wind power provider 鈥渨ith an unrivalled global presence鈥�, the press release added.
Fifty-nine percent of the new company will be owned by Siemens. while Gamesa stockholders hold 41 percent, according to Windkraft-Journal. Siemens Wind Power-Gamesa has an installed capacity of 69 gigawatt worldwide and a revenue of 9.3 billion euros, it adds.
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