Siemens Gamesa, Grupo Daniel Alonso sign agreement to sell minority stake in WIndar
Date
May 24, 2023
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Spain
Subsectors
Onshore Wind
Offshore Wind
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Grupo Daniel Alonso and Siemens have signed an agreement to sell the latter's 32% stake in Windar to Bridgepoint. Despite the acquisition, Orlando Alonso will stay on as CEO and President of Windar, and will keep an indirect minority stake in the firm.
Windar manufactures wind energy equipment. The company offers onshore wind towers and tubular-shaped structures for wind turbines and offshore foundations. Windar serves customers worldwide.
The deal is expected to close before the end of the year but is subject to regulatory approval.
Despite the acquisition, Orlando Alonso will stay on as CEO and President of Windar, and will keep an indirect minority stake in the firm.
