Siemens Energy – Siemens Gamesa to divest a majority stake of its Indian wind business and enter into strategic partnership agreement with TPG and others

Siemens Gamesa and a group of investors led by TPG intend to jointly address the Indian onshore wind market potential through a new company, in which TPG will be the majority shareholder. 

Siemens Gamesa will divest 90% of its wind business in India and Sri Lanka, retaining a 10% stake in the transferred business. The agreement includes the manufacturing, installation, and service of onshore wind turbines in India and Sri Lanka. As part of the business transfer agreement, Siemens Gamesa plans to transfer ca. 1.000 employees and two manufacturing plants in India into the new company. 

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