EuropeFinance and InsuranceOffshoreRenewables

Siemens Energy Makes $4.3bn Siemens Gamesa takeover bid

Germany’s Siemens Energy will offer €4.04bn ($4.28bn) to buy the shares in Spanish wind turbine maker Siemens Gamesa that it doesn’t already own. The company has offered €18.05 per Siemens Gamesa share to acquire the remaining 32.9%.

The offer for all outstanding shares represents a premium of 27.7% to the last unaffected closing share price of Siemens Gamesa of €14.13 on May 17, 2022. 

Siemens Energy said it intends to fully integrate Siemens Gamesa, which would lead to cost synergies of up to around €300m within three years and revenue synergies of a mid-triple-digit million euro amount by the end of the decade.

Following the successful closing of the transaction, Siemens Energy will move to delist Siemens Gamesa from the Spanish stock exchanges.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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