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Siemens is acquiring a roughly 25% stake in BGZ Beteiligungsgesellschaft Zukunftsenergien AG (BGZ AG).
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The investment will enable the company to ensure its access to further innovative projects in the field of sustainable power generation and thereby expand its portfolio of products, systems and services. BGZ AG develops, finances and operates regenerative power generation facilities like wind, solar and biomass power plants. With some 140 employees as well as subsidiaries and joint ventures in Europe and the USA, the company generated revenue of about €50 million in 2008. Regulatory approval of the transaction is still pending. Both companies have agreed not to disclose the purchase price. Siemens will invest in BGZ via its equity company Siemens Project Ventures GmbH (SPV).
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