Siemens plans to merge wind business with Flender and spin off combined unit

Siemens announced plans to merge its wind energy generation business with mechanical drive unit Flender, then spin off and publicly list the combined company, which is expected to have annual revenue of around €2 billion.

“Siemens has unveiled plans to merge its wind energy generation business with mechanical drive unit Flender, which delivers components used in wind turbines.”power-technology.com

• 2 sources
• power-technology.comSiemens unveils plan to merger wind operations with FlenderAninda ChakrabortyMay 11, 2020
• turbomachinerymag.comSiemens committed to spinning off energy divisionMay 25, 2020

Summarized from public sources; check the original articles before acting on it.