# TPG-led consortium to acquire Siemens Gamesa's onshore wind business in India and Sri Lanka

A consortium led by TPG, Mavco Investments, and Prashant Jain has sought CCI approval to acquire Siemens Gamesa's onshore wind turbine generator manufacturing and service business in India and Sri Lanka. The deal was announced in March 2025.

- Type: Acquisition
- Announced: 2025-05-15
- Where: India
- Status: announced
- Products: onshore wind turbine generators, wind turbine services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Siemens Energy](https://endata.com/companies/6803.md) (target)
- [TPG](https://endata.com/companies/10791.md) (acquirer)
- [Mavco Investments](https://endata.com/companies/81138.md) (acquirer)
- [Siemens Gamesa Renewable Power](https://endata.com/companies/83699.md) (target)
- [Prashant Jain](https://endata.com/companies/83732.md) (acquirer)

## Sources

- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/renewable/tpg-led-consortium-seeks-cci-nod-to-acquire-siemens-gamesas-wind-biz/121289027), 2025-05-20: "The proposed combination pertains to the acquisition of the businesses relating to the manufacturing and assembly of onshore wind turbine generators and the operation, maintenance and technical services of wind turbines and/or onshore wind power projects from SGRE and Siemens Gamesa Renewable Energy"
- [themachinemaker.com](https://themachinemaker.com/news/tpg-consortium-seeks-regulatory-approval-to-acquire-siemens-gamesas-onshore-wind-business-in-india/), 2025-05-21: "A consortium led by global private equity firm TPG, Mavco Investments, and Prashant Jain has submitted a proposal to the Competition Commission of India (CCI) to acquire the onshore wind energy business of Siemens Gamesa Renewable Power."
- [eulawlive.com](https://eulawlive.com/competition-corner/commission-clears-acquisition-of-siemens-indian-turbine-generator-business-by-mavco-mr-prashant-jain-and-tpg/), 2025-05-21: "The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Siemens Energy AG's Indian onshore wind turbine generator business"
- [constructionworld.in](https://www.constructionworld.in/energy-infrastructure/power-and-renewable-energy/tpg--mavco-to-acquire-siemens-gamesa---s-india-wind-business/73940), 2025-05-23: "The consortium stated that the deal would not significantly alter market competition or structure."

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