Senvion has announced that the sale of its European Onshore Service business and intellectual property to Siemens Gamesa Renewable Energy (SGRE) has been concluded successfully. The European Commission had approved the transaction unconditionally, including the sale of Senvion's wind turbine blade manufacturing facility located in Vagos (Portugal).
Senvion has been able to secure around 70% of all jobs at Senvion with this transaction. Senvion Deutschland GmbH - and its European subsidiaries - was acquired by SGRE as part of the transaction and will operate as a pure service provider within Siemens Gamesa's Service Unit effective immediately. The acquisition of all the shares in Senvion's wind turbine blade production facility Ria Blades, S.A. in Vagos, Portugal, by SGRE is expected to be closed within due course, once final closing conditions have been fulfilled.