The European Commission said on March 14 that it has cleared
unconditionally under the EU Merger Regulation the proposed acquisition
of wind turbine manufacturer Gamesa by Siemens.
The Commission said it has investigated the impact of the proposed
transaction on the onshore and offshore wind turbine markets, where the
activities of Siemens and Gamesa overlap. In particular, the Commission
has looked at the onshore wind turbine market that is rather fragmented
with several large competitors even after the merger. It also looked at
the offshore wind turbine market that is more concentrated with Siemens
and MHI Vestas being the main competitors.
Spain-based 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 said, adding that it found that the transaction raises no
competition concerns, because a number of credible competitors would
remain in this market.
https://www.neweurope.eu/article/eu-clears-acquisition-wind-turbine-maker-gamesa-siemens/