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Exclusive: EU regulators to approve Siemens, Gamesa wind deal - sources

Published 02/03/2017, 12:20
Updated 02/03/2017, 12:31
© Reuters. People enter a building of Siemens in Berlin
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BRUSSELS (Reuters) - EU antitrust regulators are set to approve a plan by German engineering company Siemens (DE:SIEGn) and Spain's Gamesa (MC:GAM) to create the world's biggest wind turbine maker, two people familiar with the matter said on Thursday.

The European Commission had not asked for concessions, the people said.

© Reuters. People enter a building of Siemens in Berlin

The deal will combine Siemens' strength in offshore windpower and Gamesa's strong presence in emerging markets. The wind industry has seen a wave of consolidation in recent months as companies seek to rein in costs and remain competitive.

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