Siemens Gamesa Acquires Ria Blades plant | Financial Buzz

Siemens Gamesa Acquires Ria Blades plant

Siemens Gamesa is a global leader in the wind power industry, with a strong presence in all facets of the business: offshore, onshore and services. The company’s advanced digital capabilities enable it to offer one of the broadest product portfolios in the sector as well as industry-leading service solutions, helping to make clean energy more affordable and reliable. With more than 100 GW installed worldwide, Siemens Gamesa manufactures, installs and maintains wind turbines, both onshore and offshore.

Siemens Gamesa Renewable energy reported the final acquisition of all shares in Ria Blades, S.A.  Ria Blades is the business entity that owns and operates the onshore wind turbine blade production plant in Vagos, Portugal.  The acquisition will help to strengthen Siemens Gamesa’s competitiveness in its onshore business by absorbing expected growth in production from external suppliers, mainly from Asia, and will become an export hub for international markets. It will further enhance existing manufacturing capabilities and limit the exposure to supply chain bottlenecks, volatility from foreign exchange markets and trade tariffs.

“The acquisition of Senvion’s Ria Blades factory was an opportunity we could not afford to miss. It is one of Europe’s most competitive plants, a cutting-edge facility that is very complementary to our existing footprint. The new plant will help us to serve different markets with different models and we will do this meeting the highest standards in quality of manufacturing,” said Alfonso Faubel, CEO of the Onshore business unit at Siemens Gamesa. Closure of Senvion assets acquisition “We are pleased that we were able to complete the acquisition process so constructively together with our new colleagues and partners,” said Markus Tacke, CEO of Siemens Gamesa. “We are operating in a highly competitive market environment and to remain successful in such an environment demands that we must continuously strive to find ways to grow and adapt to market dynamics,” added Tacke.