Siemens Gamesa successfully completes acquisition of European Service assets and IP from Senvion

This transformational deal for Siemens Gamesa Renewable Energy’s Service Unit will strengthen its competitive position in Europe. It will add approximately 9.0 GW serviced fleet and operations in 13 countries.

Also, it will increase the total serviced fleet to approximately 69 GW globally

Acquired Intellectual Property (IP) allows Siemens Gamesa to offer competitive service solutions for other OEM business.

And at the same time, total offering for multibrand case shall rise.

The addition of the Senvion assets marks an important step in the company’s growth strategy, part of the company’s L3AD2020 strategic program, and strengthens its competitive position in its multibrand portfolio.

Now, Siemens Gamesa will service an even broader range of wind turbine technologies. The Senvion service fleet will increase Siemens Gamesa multibrand footprint to more than 10 GW and its fleet under maintenance to approximately 69 GW.

The addition of these assets helps for variation of Siemens Gamesa’s business and geographical exposure with contracts. These offer long-term visibility and renewal rates that have been historically very high.

“This has been a unique opportunity for consolidation. And, it’s a win for all parties and a perfect match for Siemens Gamesa. Hence, with these assets and highly skilled professionals, we will improve our position as a leading global service partner.

“And it happens 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,” said Markus Tacke, CEO of Siemens Gamesa.