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Windtech International May June 2024 issue

 

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The merger of Siemens’ Wind Power business and Gamesa has received unconditional clearance from the European competition authorities. Antitrust approvals have now been obtained in all required jurisdictions, and all the conditions precedent for the merger have been satisfied.

Subject to pending closing actions, Siemens and Gamesa expect to close the merger early in April, after the registration of the merged entity in the Vizcaya Companies Register. The joint management team of the merged company will take office after being appointed at the first meeting of the new company board and will be announced to all stakeholders promptly after the appointment. Siemens will fully consolidate the merged entity in its financial statements. The merged entity will remain listed on the Spanish stock exchange.

 
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