# Siemens to acquire Iberdrola's 8.1% stake in Siemens Gamesa

Siemens AG agreed to acquire Iberdrola's 8.1% stake in Siemens Gamesa Renewable Energy for EUR 1.1 billion, at EUR 20.00 per share.

- Type: Acquisition
- Announced: 2020-02-04
- Where: Spain
- Value: $1.21B (1.10B EUR)
- Status: announced
- Products: wind turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Iberdrola](https://endata.com/companies/3003.md) (partner)
- [Siemens Gamesa Renewable Energy](https://endata.com/companies/3169.md) (target)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-acquire-iberdrolas-stake-siemens-gamesa-renewable-energy), 2020-02-04: "Siemens AG will acquire all the shares of Siemens Gamesa Renewable Energy (SGRE) held by Iberdrola S.A."

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