# Mutares completes acquisition of Siemens Energy Engines, renamed Guascor Energy

Mutares SE & Co. KGaA completed the acquisition of Siemens Energy Engines S.A.U. and related assets. The business, renamed Guascor Energy, is a manufacturer of gas and diesel engines for power generation, cogeneration, waste-to-energy and marine uses, employing around 270 people.

- Type: Acquisition
- Announced: 2022-11-02
- Where: Spanish Basque Country, Spain
- Jobs: 270
- Status: completed
- Products: gas engines, diesel engines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Siemens Energy Engines S.A.U.](https://endata.com/companies/62437.md) (target)
- [Guascor Energy](https://endata.com/companies/66341.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/mutares-has-successfully-completed-the-acquisition-of-siemens-energy-engines-s-a-u-and-related-assets/), 2022-11-02: "This new platform acquisition strengthens the Engineering & Technology segment and will operate under the new name Guascor Energy."

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