Two giant Asian companies have sounded out Siemens Gamesa over the possible sale of assets connected to the Gamesa business, according to Spanish newspaper Expansión.
Shanghai Electric of China and Japanese conglomerate Mitsubishi have approached the European turbine manufacturer to enquire about a sell-off of part or all of Gamesa, which merged with Siemens in 2017.
Expansión reported that sources have stressed the contacts are still at a very early stage, with the Asian players trying to determine Siemens Gamesa’s appetite for a sale.
Analysts speculated that such an acquisition could be a bid by the Chinese or Japan-based outfit to crack markets outside Asia.
Siemens Gamesa declined to comment when contacted by reNEWS.
The company is currently majority owned by German industrial giant Siemens, which holds around 67%.
Shanghai Electric is already a partner of Siemens Gamesa in the manufacture of offshore turbines for the Chinese market.
Mitsubishi meanwhile recently agreed to give up its stake in offshore joint venture MHI Vestas to partner Vestas.