Russia’s Gazprom said today that Siemens Energy was ready to help repair damaged equipment for the Nord Stream 1 gas pipeline, but there was nowhere available to carry out the work, Reuters reports. In a statement, Gazprom said that Siemens Energy is participating in the repair work under an existing contract between the two companies […]
Tag: Siemens Energy
Siemens: Russia and Siemens Energy led to Q3 losses
Siemens reported quarterly losses for the first time in the last 12 years between April and June, despite strong demand from the industrial sector, thanks to the blow it suffered from its investment in Siemens Energy and its exit from its market of Russia. In particular, the company announced net losses of 1.66 billion euros […]
Siemens Energy says it will deliver the turbine for Nord Stream to Russia as soon as possible
Siemens said today that Canada’s decision to allow a turbine from its Canadian workshop to be shipped to Germany was a necessary first step in its return to the company that runs the pipeline and that it aims to move it there as soon as possible. “The political decision on exports is a necessary and […]
Siemens Energy: Proposal for the acquisition of Siemens Gamesa for 4.06 billion euros (upd)
LAST UPDATE 09:59 Siemens Energy announced a proposal to acquire the existing shares of Siemens Gamesa Renewable Energy, for 4.06 billion euros or 18.05 euros per share. Siemens Energy already owns 67% of Siemens Gamesa and stressed that it intends to fully integrate the wind turbine manufacturer, based in Spain. Full integration would lead to […]
Siemens Energy: Will offer 18.05 euros per share for the full acquisition of Gamesa
Siemens Energy will buy the shares of Siemens Gamesa Renewable Energy, which it does not already own, a long-awaited step in its efforts to reverse the problematic situation in the Spanish wind turbine manufacturer, as reported by Bloomberg. Siemens Energy has agreed to offer 18.05 euros per share of Siemens Gamesa for the full acquisition […]
Siemens Energy: Revises estimates for the year after losses in the second quarter
Siemens Energy announced that it is re-evaluating its estimates for the whole year after the publication of losses in the second quarter, along with the profit warning for its subsidiary, Siemens Gamesa Renewable Energy. The war in Ukraine has also hit revenue and profitability and exacerbated existing supply chain constraints. In the preliminary results, the […]
Siemens Energy: Loss of € 240 million at Siemens Gamesa
Siemens Energy announced a loss of 240 million euros in the first quarter of the year, mainly due to the problems of the Siemens Gamesa wind turbine unit, which has become a “weight” for its motherboard after three negative warnings about profits, Siemens Energy announced most of its results last month when it was forced […]
