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Turning around Siemens Gamesa will be 'multi-year' exercise - Siemens Energy CEO

Published 23/05/2022, 09:12
Updated 23/05/2022, 09:19
© Reuters. FILE PHOTO: The Siemens Gamesa sign is displayed at the renewable energy company's headquarters in Zamudio, Spain, April 28, 2022. REUTERS/Vincent West

© Reuters. FILE PHOTO: The Siemens Gamesa sign is displayed at the renewable energy company's headquarters in Zamudio, Spain, April 28, 2022. REUTERS/Vincent West

FRANKFURT (Reuters) - Fixing all the operational issues at struggling wind turbine maker Siemens Gamesa will take several years, the chief executive of main shareholder Siemens Energy told journalists on Monday.

© Reuters. FILE PHOTO: The Siemens Gamesa sign is displayed at the renewable energy company's headquarters in Zamudio, Spain, April 28, 2022. REUTERS/Vincent West

The comments by Christian Bruch came after Siemens Energy presented a 4.05 billion euro ($4.29 billion) takeover bid for the 33% it does not yet own in Siemens Gamesa.

($1 = 0.9437 euros)

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