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Europe clears acquisition of Gamesa by Siemens

Staff Writer | March 14, 2017
The European Commission has cleared unconditionally under the EU Merger Regulation the proposed acquisition of wind turbine manufacturer Gamesa by Siemens.
Acquisition   Onshore wind turbines
The Commission found that the transaction raises no competition concerns, because a number of credible competitors would remain in the market.

Gamesa is primarily active in the supply of onshore wind turbines but also in the sale of offshore wind turbines through its wholly owned subsidiary, Adwen Offshore SL.

Siemens is active in a number of industrial areas including the supply of onshore and offshore wind turbines and its components such as generators, gearboxes and switchgears through its Wind Power and Renewables division.

The onshore wind turbine market is rather fragmented with several large competitors even after the merger.

The offshore wind turbine market is more concentrated with Siemens and MHI Vestas being the main competitors. Gamesa is also active in the market through its subsidiary Adwen.

However, as the investigation confirmed that Adwen is not a competitive constraint on Siemens, it is unlikely that the transaction will appreciably change the competitive situation.

The Commission therefore concluded that the proposed transaction would raise no competition concerns.