# 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.

- Type: Investment
- Announced: 2020-05-11
- Where: Germany
- Status: announced
- Products: wind turbines, mechanical drive components
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)
- [Siemens Energy](https://endata.com/companies/6803.md) (target)
- [Flender](https://endata.com/companies/7181.md) (partner)

## Sources

- [power-technology.com](https://www.power-technology.com/news/siemens-wind-operations-flender/), 2020-05-11: "Siemens has unveiled plans to merge its wind energy generation business with mechanical drive unit Flender, which delivers components used in wind turbines."
- [turbomachinerymag.com](https://www.turbomachinerymag.com/view/siemens-committed-to-spinning-off-energy-division), 2020-05-25: "Siemens is adhering to its plan to spin off and publicly list Siemens Energy before the end of fiscal 2020."

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