Tue, Feb. 9, 11:49 AM
- Siemens (OTCPK:SIEGY +0.2%) is close to a deal to combine its wind business with Gamesa (OTCPK:GCTAF +7.6%), which would create world's largest wind turbine maker, Bloomberg reports.
- SIemens is the global leader in wind turbines designed for use offshore, while Gamesa specializes in onshore wind; together, the combined companies would have ~15% of the global wind market, exceeding Vestas Wind's (OTCPK:VWDRY) 10% share and GE’s 11%.
- Siemens also is holding talks about buying Iberdrola’s (OTCPK:IBDRY -0.6%) 20% in Gamesa, according to the report.
Apr. 16, 2012, 6:37 AM
Chinese firms Sinovel Wind Group Co. and Xinjiang Goldwind Science & Technology and interested in acquiring Vestas (VWDRY.PK), according to sources. The wind turbine manufacturer has suffered a series of production issues on top of weak overall demand in the sector.| Apr. 16, 2012, 6:37 AM | 2 Comments