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Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil, according to people familiar with the talks.
Wind turbine makers Nordex SE and Siemens Gamesa Renewable Energy SA are vying for contracts with companies that won major auctions last week to build new wind farms in Brazil, two people with knowledge ...
A sell-off in shares of recently merged wind turbine makers highlights the growing speed at which competition in the sector is heating up, raising expectations for more deals in the quest for scale. In the latest sign of the squeeze, Siemens Gamesa last week said it would cut 600 staff, less than a month after it revealed third-quarter operating profit had dwindled by a fifth, partly due to India's shift to auctions from guaranteed tariffs. The wind power industry, growing steadily but still largely reliant on state support, has witnessed a number of large M&A deals in recent years that were triggered by a steep drop in turbine prices, down a quarter since 2010.
COPENHAGEN/FRANKFURT, June 27 (Reuters) - Wind farm operators are betting on a new generation of colossal turbines, which will dwarf many skyscrapers, as they seek to remain profitable after European countries phase out subsidies that have defined the green industry since the 1990s. The world's three leading offshore wind operators - DONG Energy, EnBW and Vattenfall - all told Reuters they were looking to these megaturbines to help adapt to the upcoming reality with dwindling government handouts.
Siemens would consider merging its $15 billion healthcare business with a listed competitor as an alternative to a flotation, its finance chief said, adding that the German industrial group would not be rushed into a decision. On a conference call following the release of forecast-beating Siemens quarterly results, CFO Ralf Thomas said the German company had never set itself a deadline and was considering "two or three" options for a listing. Siemens has plenty of experience on which to draw.
German industrial group Siemens does not need to rush with a planned listing of its healthcare unit as it believes the market will stay healthy for some time, its finance chief said on Thursday. Siemens said in November it planned a stock-market listing for the $15 billion revenue business.
BRUSSELS (AP) — The European Union has cleared German conglomerate Siemens' planned acquisition of Spain-based wind turbine maker Gamesa.
Categories: Yahoo Finance Gamesa Corporación Tecnológica SA relative valuation is now NEUTRAL. It was previously rated OVERVALUED, and has a fundamental analysis score of 89. Our analysis is based on comparing Gamesa Corporación Tecnológica SA with the following peers – Solar-Fabrik AG, Solaria Energia y Medio Ambiente, S.A., Vergnet S.A. and Agatos S.p.A. (SFX-DE, SLR-ES, ALVER-FR and AGA-IT). ... Read more (Read more...)
German engineering company Siemens (SIEGn.DE) is hoping to win early EU antitrust approval for its plan to create the world's biggest wind turbine maker with Spain's Gamesa (GAM.MC), people familiar with the matter said on Monday. The deal, which will combine Siemens' strength in offshore windpower and Gamesa's strong presence in emerging markets, underscores the wave of consolidation in the wind industry as companies try to cut costs and stay competitive. Siemens is aiming for a phase one decision, the people said, referring to the European Commission's initial scrutiny which kicked off on Monday and runs to March 13.