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Announced

Completed

Siemens Gamesa completed the acquisition of Ria Blades from Senvion.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Portugal

wind turbines

Acquisition

Renewable Energy Equipment

Completed

wind turbine blades

Single Bidder

wind energy

Friendly

Majority

Private

Synopsis

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Siemens Gamesa Renewable Energy, a designer and manufacturer of renewable energy equipment, completed the acquisition of Ria Blades, which operates onshore wind turbine blade production plant of Senvion. Financial terms were not disclosed. “The acquisition of Senvion’s Ria Blades factory was an opportunity we could not afford to miss. It is one of Europe’s most competitive plants, a cutting-edge facility that is very complementary to our existing footprint. The new plant will help us to serve different markets with different models and we will do this meeting the highest standards in quality of manufacturing,” Alfonso Faubel, Siemens Gamesa CEO.

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