Siemens Gamesa has finalised the acquisition of Ria Blades in Portugal, bringing to a completion the acquisition of select assets from Senvion.
Ria Blades comprises a turbine blade production plant in Vagos, as well as other additional assets required to operate the facility.
Siemens Gamesa said the manufacturing plant offers “best-in-class operational features” and is well connected by both road and sea.
“The acquisition will help to strengthen Siemens Gamesa’s competitiveness in its onshore business by absorbing expected growth in production from external suppliers, mainly from Asia, and will become an export hub for international markets,” it said.
“It will further enhance existing manufacturing capabilities and limit the exposure to supply chain bottlenecks, volatility from foreign exchange markets and trade tariffs,” the company added.
Siemens Gamesa onshore business chief executive Alfonso Faubel said: “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.
“The new plant will help us to serve different markets with different models and we will do this meeting the highest standards in quality of manufacturing.”
Siemens Gamesa chief executive Markus Tacke said: “We are pleased that we were able to complete the acquisition process so constructively together with our new colleagues and partners.
“We are operating in a highly competitive market environment and to remain successful in such an environment demands that we must continuously strive to find ways to grow and adapt to market dynamics.”
The integration of Senvion’s onshore European service assets and intellectual property started in early January 2020.
Siemens Gamesa said the acquisition strengthens its multibrand service portfolio, allowing the company to service an even broader range of wind turbine technologies.
The deal has added approximately 9GW in service fleet in 13 European countries, bringing the total serviced fleet to around 69GW globally.
It has also diversified the business mix and geographical representation in Europe, with contracts that have long-term visibility and high renewal rates, the company said.
The total purchase price for Senvion’s selected assets is €200m.