BREAKING NEWS

Siemens Gamesa to buy assets from wind turbine maker Senvion

Siemens Gamesa to buy assets from wind turbine maker Senvion
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West/File Photo -
Copyright
Vincent West(Reuters)
Euronews logo
Text size Aa Aa

BERLIN (Reuters) – German-Spanish wind energy company Siemens Gamesa <SGREN.MC> has agreed to buy selected European assets from insolvent German wind turbine manufacturer Senvion <SENG.DE> for 200 million euros (172.63 million pounds).

Siemens Gamesa said the assets it is buying include a large part of Senvion’s European onshore services business, all its intellectual property as well as an onshore blade manufacturing facility in Vagos, Portugal.

Senvion, which is in self-administration after becoming insolvent in April, said the deal would secure the jobs of more than 2,000 of its staff, close to 60% of the total, adding it was working on finding additional solutions.

(Reporting by Emma Thomasson; Editing by Tassilo Hummel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.