# Siemens may sell stake in gas turbine JV to Gazprom Energoholding

Siemens is considering buying out Power Machines' stake in their joint venture Siemens Gas Turbine Technologies (STGT) and then selling 50% to Gazprom Energoholding (GEH). The deal would aim to achieve full localization of gas turbine production for thermal power plant modernization, with GEH as anchor customer.

- Type: Partnership
- Announced: 2019-03-11
- Where: Saint Petersburg, Russia
- Status: rumored
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)
- [Power Machines](https://endata.com/companies/15083.md) (target)
- [Siemens Gas Turbine Technologies](https://endata.com/companies/25275.md) (partner)
- [Gazprom Energoholding](https://endata.com/companies/37908.md) (investor)

## Sources

- [interfax.ru](https://www.interfax.ru/business/653665), 2019-03-11: "ГЭХ в рамках СП намерен стать якорным заказчиком этого оборудования."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.