# Siemens Energy in talks for STGT ownership change

Siemens Energy is negotiating to buy out Power Machines' stake in their joint venture Siemens Technologies Gas Turbines (STGT), with several companies including Gazprom Energoholding interested in acquiring a 5-7% stake.

- Type: Partnership
- Announced: 2020-12-02
- Where: Russia
- Value: $146.0M (120.0M EUR)
- Status: rumored
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md)
- [Siemens Gamesa](https://endata.com/companies/1539.md) (partner)
- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Power Machines](https://endata.com/companies/15083.md) (partner)
- [Siemens Technologies Gas Turbines](https://endata.com/companies/34160.md) (target)
- [Gazprom Energoholding](https://endata.com/companies/37908.md) (investor)

## Sources

- [bigpowernews.ru](https://www.bigpowernews.ru/news/document95915.phtml), 2020-12-02: "Несколько компаний, помимо «Газпром энергохолдинга», в том числе небольшие, хотели бы войти в капитал «Сименс технологии газовых турбин» (СТГТ) с долей в 5−7%"
- [subscription.thestar.com.my](http://subscription.thestar.com.my/tech/tech-news/2021/01/13/exclusive-siemens-gamesa-siemens-energy-tap-hydrogen-boom-in-wind-alliance), 2021-01-13: "It's really about developing a commercially viable product."

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