siemens gamesa merger

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First Board of Directors meeting to be held on April 4. The first Board of Directors meeting of the combined company will take place tomorrow, April 4, where the first decisions regarding the composition of the Board and Committees and top management are expected. Further liquidity composition as of 31 March merged into Gamesa consists of cash in carved out entities, cash accumulated since carve out and contractual settlements amounts to €885 million. As a result of the agreements reflected in the Merger Agreement €1.005 billion (€3.601 per share) will be distributed as dividend to Gamesa shareholders. For the best experience we suggest that you download the newest version of a supported browser: Internet Explorer, This was the last step required to close the transaction announced in June 2016, after fulfillment of all the conditions precedent and other closing actions. Firefox Browser, Merged company will maintain its strong presence in current markets. Antitrust approvals have now been obtained in all required jurisdictions, and all the conditions precedent for the merger have been satisfied. Safari Browser. The company was created in 2017 by the merger of Siemens Wind Power and Gamesa. The company -based in Zamudio, Spain- will keep trading on the Spanish stock market, becoming one of the biggest industrial companies of the blue-chip index Ibex 35.

Gamesa began operations in 1976 as Grupo Auxiliar Metalúrgico S.A., focused at that time on developing new technologies and applying them to emerging activities. These included robotics, microelectronics, aeronautics and the development of composite materials. [{"name":"Home","site_name":"Press | Company | Siemens","description":"","url_str":"\/global\/","level":0,"image":"","base_root":"https:\/\/press.siemens.com","base_nid":"5","base_nodepath":"\/node\/5","base_path":"\/global\/","base_secure_url":"https:\/\/press.siemens.com\/global","children":null}], Joint press release by Siemens and Gamesa, Closing of the merger expected early April. You can also manage your preferences there. You can also manage your preferences there. usability. In a letter signed by 157 businesses from diverse sectors and including Google, Deutsche Bank, Unilever, Apple and Siemens Gamesa, they called for EU leaders to meet the at least 55% cut in emissions by 2030 established in the European Green Deal. The legal domicile and global headquarters of the merged company will be located in Spain. After being registered in the Mercantile Registry of Biscay, in Spain, the companies merge becoming one company. Siemens Gamesa offers one of the industry’s broadest product portfolios, with both offshore and onshore technology as well as industry-leading service solutions. The onshore offices will be also in Spain, while the offshore headquarters will be located in Hamburg (Germany) and Vejle (Denmark). Munich, 03 April 2017. This page requires JavaScript in order to be fully functional and displayed correctly. For the best experience we suggest that you download the newest version of a supported browser: Internet Explorer, Detailed information on the use of cookies on this website is provided in our Privacy Policy. SIEMENS AG and Siemens Beteiligungen Inland, GmbH will receive, according to the merger exchange ratio, GAMESA shares representing approximately 59% of the capital once the merger is effective (401,874,595 shares), while GAMESA’s remaining shareholders will own shares representing approximately the other 41% of the merged company. The two companies complement one another almost perfectly and boast a unique product portfolio for wind power onshore, offshore and services, with a presence in more than 90 countries. Parque Tecnológico de Bizkaia, Edificio 22248170, Zamudio, VizcayaSpain, +34 944 03 73 52 (International) 902 734 949 (Spain), © Siemens Gamesa Renewable Energy, S.A., 2020. By using this website, you consent to the use of cookies.

Implicit technical market correction of c. €3.6 per share. JavaScript and reload the Businesses are highly complementary with regard to markets, products and technology and will create great value to customers and s... Siemens to hold a 59 percent stake and consolidate the merged company and existing Gamesa shareholders to hold 41 percent, Gamesa shareholders to receive a cash payment of €3.75 per share funded by Siemens, Annual EBIT synergies of around €230 million expected. The merger between Gamesa and Siemens Wind Power becomes effective today, after the registration of the combined company in the Mercantile Registry of Biscay, in Spain. site. It looks like you are using a browser that is not fully supported. Please note that there might be constraints on site display and Dividend payment calendar. Siemens will own 59 percent of the share capital of the merged company, 8 percent will be held by Iberdrola, and the rest will be free-floating shares.

A new CEO for the offshore division will be announced in due course. This site uses cookies in order to improve your user experience and to provide content tailored specifically to your interests. Chrome Browser, We will be happy to take care of your request. This page requires JavaScript in order to be fully functional and displayed correctly. site. "We’d like to thank Markus Tacke for his work over the past three years and, in particular, for the integration of Siemens Wind Power and Gamesa in the course of the merger," said Miguel Angel López, Chairman of the Board of Directors of Siemens Gamesa. The merger between Gamesa and Siemens Wind Power becomes effective today, after the registration of the combined company in the Mercantile Registry of Biscay, in Spain. Safari Browser.

Please enable On April 3, 2017 Siemens concluded the merger of its wind power business with Gamesa on schedule. April 6: Last trading date with right to receive the extraordinary dividend. It looks like you are using a browser that is not fully supported. 2017: On April 3, 2017, Siemens Wind Power and Gamesa concluded the merger of their wind power businesses.

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April 7: Ex-dividend date. (1) This amount is the result of deducting from the announced gross extraordinary dividend of €3.75 per share all dividends paid since the execution of the merger agreement (June 17, 2016) until the expected merger effective date, that amounts to €0.15 per share (paid on July 4, 2016). Further information about data protection can be found in our privacy policy. Page 9 Munich, June 17, 2016 Merger of Siemens Wind Power with Gamesa, Analyst & Press Call Siemens-Gamesa combination is the best possible strategic fit in the wind power industry •Limited overlap and compelling customer benefits with most comprehensive product … Detailed information on the use of cookies on this website is provided in our Privacy Policy. Closing of the merger expected early April The merger of Siemens' Wind Power business and Gamesa has today received unconditional clearance from the European competition authorities. You can contact us calling to our offices or filling the hereunder contact form: The merger of Gamesa and Siemens Wind Power becomes effective. This was the last step required to close the transaction announced in June 2016, after fulfillment of all the conditions precedent and other closing actions. Firefox Browser, You need further information or have specific questions around our press and media activities? By using this website, you consent to the use of cookies. The combined company has a €21 billion backlog, pro forma revenues of €11 billion and €1.1 billion of adjusted EBIT in the fiscal year ended December 2016. At Siemens Gamesa Renewable Energy, S.A. Spain, we use own and third party cookies in order to analyze your browsing habits, to store your selections and to improve the usability of our website. usability. This transaction creates a global leader in the wind power industry, with a presence in more than 90 countries, industrial footprint in key wind markets and an installed base of 75 GW. Siemens Wind Power and Gamesa will form a world-leading wind power provider, with an unrivalled global presence and an excellent position in … It was founded by Juan Luis Arregui and Joseba Mikel Grajales.

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