# Siemens Gamesa in exclusive talks to acquire parts of Senvion's onshore wind business

Siemens Gamesa entered exclusive but non-binding negotiations to acquire selected European service and onshore wind operations of insolvent Senvion. The deal would cover about 500 of Senvion's 1,800 German employees.

- Type: Acquisition
- Announced: 2019-09-16
- Where: Germany
- Value: $222.0M (200.0M EUR)
- Jobs: 2,000
- Status: rumored
- Products: onshore wind turbines, wind turbine services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Gamesa Renewable Energy](https://endata.com/companies/3169.md) (acquirer)
- [Senvion](https://endata.com/companies/27535.md) (target)

## Sources

- [energywatch.com](https://energywatch.com/EnergyNews/Renewables/article11624696.ece), 2019-09-18: "News emerged Monday that Senvion was in conclusive negotiations with Siemens Gamesa regarding a partial sale."
- [energylivenews.com](https://www.energylivenews.com/2019/10/21/siemens-gamesa-signs-e200m-deal-to-buy-senvion-business-units/), 2019-10-21: "The move will save around 2,000 jobs at the insolvent turbine manufacturer."

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