The acquisition of sole control over certain assets belonging to Senvion of Germany by Siemens Gamesa Renewable Energy of Spain complies with EU Merger Regulation, the European Commission has said. The Senvion assets comprise a large part of Senvion’s onshore windfarm servicing business in the European Economic Area

all of Senvion’s intellectual property and Senvion’s wind turbine blades manufacturing facilities in Vagos and Oliveira de Frades in Portugal, the Commission said. Senvion’s manufacturing business of wind turbines is not part of the transaction.

Both Senvion and SGRE are wind turbine manufacturers of onshore and offshore wind turbines and offer related services, such as maintenance. Senvion is currently subject to insolvency proceedings in Germany. The activities of SGRE and of the acquired Senvion assets mainly overlap in the provision of onshore wind turbine servicing.

https://www.neweurope.eu/article/acquisition-of-certain-senvion-assets-by-siemens-gamesa-gets-eu-nod/

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