# Siemens Energy assumes full ownership of joint venture with Chromalloy

Siemens Energy and Chromalloy are ending their partnership, with Siemens Energy assuming full ownership of the joint venture in Tampa Bay, Florida.

- Type: Acquisition
- Announced: 2022-01-20
- Where: Tampa Bay, Florida, United States
- Jobs: 100
- Status: completed
- Products: advanced manufacturing for power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (acquirer)
- [Chromalloy](https://endata.com/companies/15675.md) (partner)
- [Advanced Airfoil Components](https://endata.com/companies/17137.md) (target)

## Sources

- [siemens-energy.com](https://www.siemens-energy.com/us/en/home/press-releases/siemens-energy-assumes-full-ownership-advanced-airfoil-components-announces-roadmap.html), 2022-01-20: "Siemens Energy’s acquisition of AAC helps secure its supply chain with more U.S.-based manufacturing, service and export capabilities."
- [bizjournals.com](https://www.bizjournals.com/tampabay/news/2022/01/20/siemens-energy-assumes-full-ownership-of-acc.html), 2022-01-20: "Siemens Energy and Chromalloy are ending their partnership, but the joint venture they started will continue with business as usual."

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