Siemens Energy, an energy company formed by the spin off of the former Gas and Power division of Siemens Group, completed the acquisition of the remaining shares in Siemens Gamesa Renewable Energy, a Spanish-German wind engineering company, for $4.3bn. "The full integration of SGRE is an important milestone for Siemens Energy’s positioning as a driver of the energy transition from fossil to sustainable energy solutions. This will benefit customers, employees, shareholders, and ultimately society. It is critical that the deteriorating situation at SGRE is being stopped as soon as possible, and the value-creating repositioning starts quickly. The Supervisory Board strongly supports the Executive Boards plans for the integration of SGRE," Joe Kaeser, Siemens Energy Chairman of the Supervisory Board.