Siemens May Buy Adwen To Seal Deal With Gamesa
According to earlier reports, Siemens and Gamesa had all but finalized the merger, but the question of what to do with the Adwen joint venture stalled the deal. Adwen is a 50-50 joint venture between Gamesa and France’s state-owned nuclear utility Areva.
Should the merger go forward, Gamesa and Siemens’ combined wind power sales would be about $11 billion. According to Reuters, Siemens did not want to be responsible for certain parts of Adwen’s contractual obligations, including the development of a large 8 MW offshore turbine and the construction of two factories in France.
However, Siemens CEO Joe Kaeser may be ready to commit to buying Adwen in order to move the Siemens-Gamesa merger forward, says Reuters.
Adwen was formed in 2015 and was the second-largest turbine manufacturer in Europe by market share. If Siemens does purchase Adwen, the combined companies would control about 70% of Europe’s offshore wind market, according to information from the European Wind Energy Association.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Applied Industrial Technologies Releases Second Edition Maintenance Supplies & Solutions℠ Master Product Catalog
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
