Siemens Energy wants to take over Winkraft subsidiary Gamesa completely

Created: 2022-05-21Updated: 2022-05-21, 10:55 p.m

Siemens Energy wants to buy all of its Spanish wind power subsidiary Siemens Gamesa.

© Daniel Karmann/dpa

There has long been speculation as to whether Siemens Energy will completely take over its wind power subsidiary Gamesa.

The company has now made an offer.

Munich - The energy technology group Siemens Energy wants to take over its Spanish wind power subsidiary Siemens Gamesa completely.

The company, which previously held 67.1 percent of Gamesa, wants to make an offer for the outstanding shares, as announced on Saturday.

Energy is offering 18.05 euros per outstanding share - this corresponds to around four billion euros for the complete purchase.

If the offer is successful, Energy Gamesa wants to be taken off the stock exchange and integrated into the group.

Gamesa struggles with problems

Gamesa is headquartered in Spain and has been struggling with problems for some time.

Most recently, the daughter of her mother Siemens Energy had hailed the quarterly figures four times in a row.

The onshore wind power business in particular is struggling with costs and production difficulties.

The people of Munich have been trying for a long time to get the situation at Gamesa under control.

Among other things, managers from Energy moved to top positions in Spain.

So does Jochen Eickholt, who has been boss at Gamesa since the beginning of March.

Therefore, there had been speculation for a long time that Energy would not be able to solve the problems at Gamesa more easily if the subsidiary were bought outright and taken off the stock exchange.

On May 18, Energy announced that it was considering such an offer, and the decision has now been made.

In addition to the more direct crackdown on Gamesa, the elimination of reporting obligations could also have played a role.

In addition, the Gamesa shares had recently lost a lot of value in view of the problems in the company.

A complete takeover would be correspondingly cheaper.

dpa