Senvion's Service Unit Sold to Siemens Gamesa

Wind Industry Profile of

Sale of European Onshore Service business to Siemens Gamesa closed successfully following unconditional regulatory approval / Sale of Portuguese blade production facility expected to be closed within Q1 2020 / Approx. 70% of jobs at Senvion secured

Senvion today announced that the sale of its European Onshore Service business and intellectual property to Siemens Gamesa Renewable Energy (SGRE) has been concluded successfully. The European Commission had approved the transaction unconditionally, including the sale of Senvion's wind turbine blade manufacturing facility located in Vagos (Portugal), on 20 December 2019. Yves Rannou, CEO of Senvion: "Being able to complete this part of the transaction today is an important achievement after a prolonged and... ... More: Official Press Release Senvion

Keywords:

Portugal, blade, facility, job, sale, Siemens Gamesa, turbine, insolvency