# Siemens Energy to buy remaining 33% of Siemens Gamesa

Siemens Energy has received Spanish approval to purchase the 33% of Siemens Gamesa it does not already own. The de-listing from the Madrid exchange is anticipated in February 2023.

- Type: Acquisition
- Announced: 2022-11-14
- Where: Spain
- Value: $4.18B (4.05B EUR)
- Status: announced
- Products: wind turbine blades
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Gamesa](https://endata.com/companies/1539.md) (target)
- [Siemens Gamesa Renewable Energy](https://endata.com/companies/3169.md) (target)
- [Siemens Energy](https://endata.com/companies/6803.md) (acquirer)

## Sources

- [business-live.co.uk](https://www.business-live.co.uk/manufacturing/siemens-gamesa-blade-plant-boss-25509384), 2022-11-14: "The decision to acquire SGRE is intended to unlock the potential of both companies to become leading forces in the energy transition and support the turnaround of SGRE’s financial situation."
- [euronews.com](https://www.euronews.com/2022/11/18/siemens-gamesa-r-board-chairman), 2022-11-18: "Siemens Energy formally launched its 4.05 billion euro bid after clearance from Spanish stock market regulator CNMV."
- [rechargenews.com](https://www.rechargenews.com/wind/important-milestone-siemens-energy-sets-seal-on-tender-offer-for-oem-siemens-gamesa/2-1-1376652), 2022-12-19: "German technology conglomerate expects synergies of $319m within three years of full integration of wind turbine maker following finalisation of cash buy-out"

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