Siemens Energy AG (Siemens Energy) concludes the acceptance period of the voluntary cash tender offer for the outstanding shares in Siemens Gamesa Renewable Energy, S.A. (SGRE) with an acceptance rate of 77.88 %. This corresponds to 174.686.626 shares tendered by SGRE's shareholders at the fixed offer price of €18.05 per share. As a result, Siemens Energy's total shareholding in SGRE will amount to 92.72%. Following the expected settlement of the offer, Siemens Energy pursues the delisting of SGRE from the Spanish stock exchanges. This step will allow to simplify processes and fully focus on the operational turnaround of the Siemens Gamesa business.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 92,000 people worldwide in more than 90 countries and generated revenue of €29 billion in fiscal year 2022.