Siemens Gamesa has completed the acquisition of the European service business and intellectual property of Senvion.
The German-Spanish manufacturer says it has a “robust integration plan” for the assets, which will add 9GW of machines in 13 countries to its service book, bringing the total to 69GW.
Financing lines and guarantees for the transaction are also in place to “ensure successful operation from the first day”, said the company.
Senvion Deutschland and its European subsidiaries were acquired as part of the deal and will now operate as a pure service provider within Siemens Gamesa.
Siemens Gamesa said the closing of the deal is an important step in its L3AD2020 strategic vision, which includes a significant cost reduction plan.
“This has been a unique opportunity for consolidation, a win for all parties and a perfect match for Siemens Gamesa,” said the turbine manufacturer’s chief executive Markus Tacke.
“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.”
Siemens Gamesa service boss Mark Albenze added: “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 center, we are well positioned to offer competitive service solutions to all of Senvion’s customers worldwide.”
Siemens Gamesa continues to progress the closing of the acquisition of all the shares Senvion’s Ria Blades, the entity which owns and operates the business of the wind turbine blades production facility in Vagos, Portugal.
“The objective is still to close the Ria Blades acquisition before the end of March 2020,” said a company statement.
The price to be paid in cash for the shares of Senvion services and Ria Blades amounts to €200m.