Siemens Gamesa has completed the purchase of all of the shares in Ria Blades, the company that owns and operates the onshore wind turbine blade manufacturing facility in Vagos, Portugal, as well as other additional assets necessary to run the facility.

The completion of this acquisition means that the company has fully completed the acquisition of select assets from Senvion.

The acquisition will help boost the competitiveness of Siemens Gamesa in its onshore business by absorbing planned demand growth from external suppliers, primarily from Asia, and will become an export center for the international markets.

“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.”

Alfonso Faubel, CEO of the onshore business unit at Siemens Gamesa.

“We are pleased that we were able to complete the acquisition process so constructively together with our new colleagues and partners. 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.”

Markus Tacke, CEO of Siemens Gamesa.

The total purchase price for Senvion’s selected assets, including the manufacturing facility in Vagos, the Onshore European Services assets and IP is €200 million.