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Siemens Gamesa closes delayed major acquisition

The German-Spanish OEM's transaction with Senvion concludes with a closed blade factory purchase – and leads a Danish company to upgrade its 2020 guidance.

Photo: Siemens Gamesa

Siemens Gamesa was already supposed to have finally taken over Senvion's wind turbine blade factory, Ria Blades, during this year's first quarter. With coronavirus-related lockdowns in both Spain and India, a case could have been easily made for the timing of adding further production capacity. However, the German-Spanish manufacturer was obliged to wait until Thursday evening before its acquisition of the Portuguese factory could be closed and announced.

"The acquisition of Senvion’s Ria Blades factory was an opportunity we could not afford to miss. It is one of Europe’s most competitive plants, a cutting-edge facility that is very complementary to our existing footprint," writes Siemens Gamesa Onshore Business Chief Executive Alfonso Faubel in a press statement.

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