Deals
Gamesa’s Top India Wind Rank Supported by Siemens Merger Finance
- Merger strengthens Gamesa balance sheet in India, CEO says
- Gamesa sees merger reducing development, construction risks
This article is for subscribers only.
Gamesa Corp. Tecnologica SA is reinforcing its top spot in India’s wind turbine market with the help of easier financing that will follow its decision to merge with Siemens AG, a top executive said.
The merger with Siemens will “considerably strengthen the balance sheet” of Gamesa in India, said Ramesh Kymal, the Spanish company’s chief executive in the south Asian country, in an interview in New Delhi. The June deal combining the two companies, expected to be completed by March, will create one of the world’s biggest wind-power manufacturers.