Siemens Gamesa acquires Senvion’s European service assets and IP

10 January 2020 (Last Updated January 10th, 2020 12:44)

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has completed the acquisition of Senvion’s European Service assets and Intellectual Property (IP).

Siemens Gamesa acquires Senvion’s European service assets and IP
SGRE has acquired Senvion’s onshore blade manufacturing facility in Portugal. Credit: ZHANG FENGSHENG on Unsplash.

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has completed the acquisition of Senvion’s European Service assets and Intellectual Property (IP).

In October last year, SGRE signed an agreement to acquire Senvion’s European onshore service, its intellectual property and its onshore blade manufacturing facility in Portugal, Ria Blades, for €200m ($221m).

Siemens Gamesa CEO Markus Tacke said: “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.”

According to the deal, SGRE has acquired Senvion Deutschland and its European subsidiaries, which will now operate as a pure service provider under Siemens Gamesa Service Unit.

Following the completion of the deal, SGRE’s Service Unit will be able to further strengthen its position in the European market and benefit from additional 9GW serviced fleet and operations in 13 countries.

The acquisition of Senvion’s assets is part of SGRE’s L3AD2020 strategic programme and strengthens its competitive position in its multi-brand portfolio.

Siemens Gamesa Service business CEO Mark Albenze said: “This acquisition is an important part of our strategy to grow our multi-brand service business. Now that we have successfully closed the transaction, we will focus on the integration and ensuring that operations continue smoothly.

“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 centre, we are well-positioned to offer competitive service solutions to all of Senvion’s customers worldwide.”