Merger of Siemens Wind Power and Gamesa
3 April 2017
On April 3, 2017 Siemens concluded the merger of its wind power business with Gamesa on schedule. Siemens Wind Power and Gamesa will form a world-leading wind power provider, with an unrivalled global presence and an excellent position in an attractive growth market. The two companies complement one another almost perfectly and boast a unique product portfolio.
The merger of Siemens’ Wind Power business and Gamesa has today received unconditional clearance from the European competition authorities. Subject to pending closing actions, Siemens and Gamesa expect to close the merger early April, after the registration of the merged entity in the Vizcaya Companies Register.
The Siemens combined analyst and press conference call with Joe Kaeser, Siemens President and Chief Executive Officer, Ralf P. Thomas, Siemens Chief Financial Officer, and Lisa Davis, Member of the Managing Board, regarding the merger took place on June 17, 2016.
Source credit: http://www.siemens.com/press/en/events/2016/corporate/2016-06-telefonkonferenz.php